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The TRAI has approved Mukesh Ambani led Relaince Jio Infocomm's application to get a unified service license, one which will allow the company to expand its services to voice-calling services across the country. Until now, the company owns airwaves for broadband wireless access in the country.
The operator is now required to submit a one-time entry fee of about Rs 1,673 crore, which will serve as a performance bank guarantee of Rs 220 crore and a financial bank guarantee of Rs 44 crore, which will be used for procuring the license.
It is common knowledge that Reliance Jio is has high hopes for VoLTE on 4G as the company has been testing its 4G network in the country for a while now. It is the only operator to have a pan-India license to provide 4G services with its pan-India block of 20MHz spectrum in the 2.3 GHz band. Its only competition will be Airtel, who is the other big 4G player in India.
RJIL applied for Unified Licences on August 21 and stated its net worth at Rs 5,033.32 crore. Under Unified Licence, RJIL will be allowed to offer services as full fledged mobile operator. The newly granted licence will symbolize Mukesh Ambani's second innings in the mobile telephony space after his initial stint at Reliance Infocomm.