Reliance to Start Selling Its 'Lyf' 4G Smartphones From Diwali Reliance Industries today said it has already pumped in close to Rs. 93,000 crore into its telecom venture under the 'Reliance Jio' brand and will start selling its 4G handsets under the Lyf brand from Diwali. "We've substantially completed our network expansion now having already completed 2.5 lakh route kilometers. We are on course to begin distribution of the handsets under the Lyf brand name from Diwali. "We have already tied up with 1,200 primary distributors for this," Reliance Jio president for devices Sunil Dutt told reporters here this evening. When asked about how much the company has spent out of its Rs 1 trillion capital into the telecom venture, Reliance Group deputy CFO V Srikanth said it has almost completed the capex by spending close to Rs. 93,000 crore so far. But, he ruled out any fresh capital infusion into the telecom venture saying the company is well-capitalised...
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