Jio In Talks With US-Based Comcast, Charter To License Broadband Technology: Report
Jio Platforms, a Reliance Industries subsidiary, is negotiating with Comcast and Charter Communications regarding licensing of its proprietary unlicensed band radio (UBR) technology. The talks are aimed at overseas expansion by selling the technology rather than building networks directly abroad. Jio is targeting 10-15 global partners. Previous discussions with South Africa's MTN Group stalled over valuation disagreements and licensing terms. The UBR technology delivers high-speed internet to buildings using transmitters on towers and rooftops without requiring individual home connections.
Key points
- Jio Platforms licensing broadband technology to Comcast and Charter
- Technology targets 10-15 global partners for expansion
- Previous talks with MTN Group failed over valuation issues
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