Jio Leasing Services Limited (JLSL), a subsidiary of Jio Financial Services Limited (JFSL) is planning to buy consumer premises equipment (CPE)/devices and telecom equipment worth Rs 360 billion from Reliance Retail over the next two financial years, ending March 2025 and March 2026.
According to the filing, JLSL is entering into the business of operating leases via the devices-as-a-service (DaaS) model enabling it to lease CPE/devices, and telecom gear to Reliance Jio’s customers. The DaaS model typically includes installation, maintenance, support, and additional services like updates.
As per the filing, Reliance Retail will be able to procure the abovementioned devices at competitive prices due to large volumes and will be able to provide them to JLSL at a cost-plus margin. JLSL, in turn, will provide the CPE and devices to Jio’s customers availing of wireless broadband connectivity and other services.
