The Economic Times has been reported that Reliance is finalizing deals with global technology players and service providers to launch 4G services in India.
The company says,
�Reliance is in the process of setting up a world class broadband wireless network using state-of-art technologies and finalizing the arrangement with leading global technology players, service providers manufacturers and others to help usher the 4G revolution into India".
Recently in 2010, to make wireless broadband revolution in India RIL set up Infotel Broadband Services Ltd for Rs 4,800 crore. Their motive behind this was to provide by end-to-end data solutions for educational institutions, social organizations, business enterprises and healthcare institutions.
RIL chairman & managing director Mukesh D. Ambani said that they are fully geared to participate in Indias growth and continued global recovery in upcoming years,also he told that broadband and broadband-enabled digital services are the next big leap forward in the digital transformation of our knowledge economy.
On this Saturday, Reliance reported a huge 16% of increase in their net profit, with the company sitting on a cash equivalent of $12.6 billion (Rs61,490 crore).
About this profit Ambani said
�The growth is driven by improved performance in the company�s refining and petrochemicals businesses".