Reliance Jio Infocomm Limited
Acquisitions
4
Major Deals Covered
$974M
Disclosed Deal Value
Reliance Jio's largest disclosed acquisition here is Den Networks and Hathway Cable (Strategic Broadband Consolidation) for $700M in 2018. This page covers 4 major deals from 2018 to 2019, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Radisys Corporation | 2018 | $74.0M | Acquired Oregon-based open telecom software leader Radisys to engineer Reliance Jio's proprietary, open-source 5G radio access network (Open-RAN) software and cloud-native telecom core. |
| Haptik (Jio Haptik Technologies) | 2019 | $100.0M | Acquired Mumbai-based conversational AI and chatbot startup Haptik to build natural language enterprise conversational assistants and WhatsApp commercial integrations. |
| Saavn (Merged into JioSaavn) | 2018 | $100.0M | Acquired digital music streaming pioneer Saavn and merged it with JioMusic to form JioSaavn, valued at over $1 billion at the time of transaction. |
| Den Networks and Hathway Cable (Strategic Broadband Consolidation) | 2018 | $700.0M | Acquired controlling stakes in India's two largest cable and broadband providers (Den Networks and Hathway) to accelerate last-mile optical fiber deployment for JioFiber. |
2019
$100M
Acquired Mumbai-based conversational AI and chatbot startup Haptik to build natural language enterprise conversational assistants and WhatsApp commercial integrations.
Automated customer support across Jio's 475+ million subscriber base and powered conversational commerce on JioMart.
Cemented Jio's leadership in enterprise conversational AI.
2018
$74M
Acquired Oregon-based open telecom software leader Radisys to engineer Reliance Jio's proprietary, open-source 5G radio access network (Open-RAN) software and cloud-native telecom core.
Eliminated multi-billion-dollar licensing dependencies on traditional Western and Chinese telecom equipment vendors (Ericsson, Nokia, Huawei), allowing Jio to build its own 100% indigenous 5G stack.
Enabled Jio to become an exporter of indigenous 5G telecom technology.
2018
$100M
Acquired digital music streaming pioneer Saavn and merged it with JioMusic to form JioSaavn, valued at over $1 billion at the time of transaction.
Created India's largest music streaming service with a catalog of over 80 million tracks in 16 languages, bundled free for Jio cellular subscribers.
Established an unassailable digital music streaming moat.
2018
$700M
Acquired controlling stakes in India's two largest cable and broadband providers (Den Networks and Hathway) to accelerate last-mile optical fiber deployment for JioFiber.
Provided JioFiber with instant access to over 24 million residential cable homes and thousands of local cable operators (LCOs) across India.
Accelerated JioFiber to become India's #1 fixed broadband operator.
Jio's growth plan has four parts: add home broadband connections through JioAirFiber (8.6 million broadband additions in the year to June 2026), lift ARPU through a better subscriber mix and tariff changes, sell connectivity, cloud and AI services to enterprises, and use the IPO to reduce debt and fund 5G and broadband expansion.
Jio makes most of its money from recurring prepaid and postpaid mobile plans, where revenue is driven by subscriber count and average revenue per user (ARPU, ₹215.6 a month in Q1 FY27). The second engine is home broadband: JioFiber and the 5G fixed-wireless JioAirFiber service, which together reached 28.6 million connections by June 2026. Smaller streams include enterprise connectivity, cloud and IoT, devices such as JioBharat phones, and digital services. Jio rents passive tower infrastructure from a Brookfield-backed trust and pays licence fees and spectrum charges to the Department of Telecommunications.
In February 2024, Reliance Industries, Viacom18, and The Walt Disney Company signed definitive agreements to merge their Indian television and digital streaming businesses into an $8.5 billion joint venture, uniting JioCinema and Disney+ Hotstar into India's dominant digital entertainment conglomerate.
In March 2018, Reliance acquired leading digital music streaming platform Saavn and merged it with JioMusic in a transaction valued at over $1.0 billion, creating JioSaavn, one of South Asia's largest digital music and podcast streaming apps.
In April 2019, Reliance Jio acquired an 87% controlling stake in enterprise conversational AI platform Haptik for ~$81.2 million (₹700 crore), utilizing Haptik's NLP chatbots to automate customer service for hundreds of millions of Jio users.
In 2019, Reliance acquired a majority stake in Mumbai-based tech logistics platform Grab a Grub Services to power hyper-local last-mile delivery operations for JioMart and digital retail.
Jio formed Jio Space Technology Limited, a joint venture with global satellite operator SES, utilizing Medium Earth Orbit (MEO) and Geostationary (GEO) satellite constellations to deliver multi-gigabit satellite broadband across remote Indian regions under 'JioSpaceFiber'.
Jio maintains premier partnerships with Microsoft (integrating Azure cloud infrastructure with Jio connectivity) and NVIDIA (building sovereign AI supercomputing data centers across India).
Jio integrates acquired technology directly into the MyJio app and telecom core infrastructure, providing acquired startups with instant distribution to over 475 million Indian consumers and enterprises.
Jio allocates capital toward expanding hyperscale green AI data centers, securing 5G/6G intellectual property patents, scaling sovereign cloud software, and finalizing the media integration of the Disney India joint venture.
In June 2010, Reliance Industries acquired a 95% stake in Infotel Broadband Services Limited for ₹4,800 crore, securing the only nationwide broadband wireless access (BWA) 20 MHz spectrum license that laid the foundation for Jio.
In October 2018, Reliance invested ₹5,230 crore to acquire majority control of Den Networks and Hathway Cable, gaining immediate last-mile cable and broadband access to 24 million homes to accelerate JioFiber expansion.
In 2018, Reliance acquired Oregon-based open telecom software provider Radisys for approximately $74 million, securing crucial engineering talent and software code to build Jio’s proprietary open-source 5G stack.
In April 2019, Reliance acquired an 87% stake in conversational AI platform Haptik for ₹700 crore, embedding intelligent multilingual voice bots and automated customer care across Jio’s consumer apps and enterprise services.
Reliance acquired AI language translation startup Reverie in 2019 for ₹269 crore, enabling Jio devices and apps to support real-time voice, text, and search across 22 official Indian regional languages.
In March 2018, Jio merged its JioMusic service with leading digital music platform Saavn in a transaction valuing the combined entity at over $1.0 billion, creating JioSaavn with over 100 million active listeners.
In February 2024, Reliance, Viacom18 (JioCinema), and The Walt Disney Company agreed to merge their Indian media and entertainment assets into an $8.5 billion joint venture controlled by Reliance, uniting JioCinema and Disney+ Hotstar into an entertainment titan.
Through Jio Platforms, the group targets strategic investments in sovereign artificial intelligence compute clusters, generative AI models for Indian languages, edge computing, and satellite broadband infrastructure.
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