Reliance Jio, an Indian mobile network operator, is looking into opening a subsidiary in Estonia to support its international expansion.
According to the Indian media, the parent company of the mobile operator, Reliance Industries, will invest USD 1.77 million into the Estonian subsidiary to launch operations.
According to Mint, an Indian business news portal, Reliance Jio would get access to the unified European Union telecom market with the launch in Estonia.
“Thanks to its sophisticated e-solutions, over the last decade, Estonia has transformed itself into one of Europe’s business success stories. Indian companies would certainly wish to collaborate and imbibe e-governance solutions in this regard and Jio is no exception,” a source told the portal.
Fastest-growing mobile operator in the world
If successful, the opening of a branch in Estonia would be the first for Reliance Jio outside the Indian market.
Reliance Jio, founded in 2015 and launched in 2016, operates a national LTE network in India with coverage across all 22 telecom circles. The company offers voice over LTE to provide voice service on its network.
The company was the fastest-growing mobile operator in the world in its first four months when it acquired 16 million subscribers. By October 2017, it had grown to provide services to 130 million subscribers – about 10% of the Indian population.
Cover: An Indian man talking on a mobile phone (the image is illustrative).