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HomeNewsTelecom NewsRIL launches Jio Estonia OÜ
Friday, 23 November 2018 04:53

RIL launches Jio Estonia OÜ

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After winning a large-scale consumer base in India in the last two years, Reliance Industries (RIL) has now established a company in Estonia called ‘Jio Estonia OÜ’. But unlike Jio, the Estonian based new company will look into software development and provide consultancy for existing and future technology initiatives pursued by the group and its subsidiaries.

RIL said in its regulatory filings: “Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly owned subsidiary of the Company, has incorporated a company viz., “Jio Estonia OÜ” in Estonia, on November 22, 2018.”

Recently, RIL Chairman Mukesh Ambani had met an Estonian government delegation with the aim of developing better e-governance solutions for India.

As per analysts, the new company will help the group’s telecom arm Reliance Jio Infocomm (Jio) gain entry into the European markets, as per reports. By establishing a unit with the aim of working in new technologies the Ambani owned firm is expected to delve deeper into areas like blockchain. 

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