Reliance Communications (RCOM) just announced that the deal between RCOM, RTL, RITL (RCOM Group) and RJIL for sale of certain
specified telecom assets have been terminated today by mutual agreement. The company says that this is due to lack of consent from its lenders and permissions from telecom department among other reasons since the agreements nearly 15 months ago. Continue reading “RCOM and Reliance Jio terminate multi-crore wireless infrastructure asset deal by mutual consent”
Reliance Communications (RCOM) has anounced that it has filed for bankruptcy with the National Company Law Tribunal (NCLT) in Mumbai, after its debt resolution plans have failed since the invocation of Strategic Debt Restructuring (SDR) on 2nd June 2017. Despite the passage of over 18 months, lenders have received zero proceeds from the proposed asset monetization plans, and the overall debt resolution process is yet to make any headway, said the company.
Continue reading “Reliance Communications files for bankruptcy for debt resolution”
Back in December Reliance Jio announced signing of definitive agreement for the acquisition of specified assets of Reliance Communications (RCOM) and its affiliates that includes Wireless Spectrum, Tower, Fiber and Media Convergence Node (MCN) assets as a part of RCOM’s debt reduction. Today RCOM has announced that the completion of the sale of its Media Convergence Nodes (MCNs) and related infrastructure assets, worth Rs 2,000 crore, to Reliance Jio Infocomm Limited (RJIO). Continue reading “RCOM completes sale of wireless infrastructure assets worth Rs. 2000 crore to Reliance Jio”
Following the Airtel way, Reliance Jio has also announced the deployment of its Massive MIMO Pre-5G technology, to provide high-speed data experience to its customers in Delhi and Mumbai stadium during IPL matches. Continue reading “Reliance Jio to deploy Massive MIMO pre-5G technology in Delhi and Mumbai cricket stadiums for IPL”
Reliance Jio today announced signing of definitive agreement for the acquisition of specified assets of Reliance Communications (RCOM) and its affiliates that includes Wireless Spectrum, Tower, Fiber and Media Convergence Node (MCN) assets as a part of RCOM’s debt reduction. This will contribute significantly to the large scale roll-out of wireless and Fiber to Home and Enterprise services by RJIL.
Continue reading “Reliance Jio to acquire RCOM’s wireless infrastructure assets”
Reliance Communications (RCOM) recently announced that it has entered into Memorandum Of Understanding (MOU) with Veecon Media and Television Limited, for sale of its subsidiary Reliance BIG TV Limited (RBTV). Today it has announced that it has entered into a binding Share Purchase Agreement with Pantel Technologies Pvt Ltd and Veecon Media & Television Limited for sale of Reliance BIG TV Limited (RBTV), engaged in the business of Direct-to-Home (DTH) services across India. Continue reading “RCOM to sell DTH business BIG TV to Pantel Technologies, Veecon Media”
Reliance Communications (RCOM) today announced that it has entered into Memorandum Of Understanding (MOU) with Veecon Media and Television Limited, for sale of its subsidiary Reliance BIG TV Limited (RBTV), engaged in the business of Direct to Home (DTH)
services across India. Continue reading “Reliance Communications to sell DTH business to Veecon Media”
Reliance Communications (RCOM) today announced that it has completed merger transaction with Sistema’s Indian wireless business, carried on by Sistema Shyam Teleservices Ltd. (SSTL) under the MTS brand. The deal was announced back in 2015 and it was decently approved by Department of Telecommunications (DOT) last week. Continue reading “Reliance Communications completes Sistema’s MTS merger transaction”
Reliance Communications (RCOM) called off the merger with Maxis Communications Berhad (MCB), promoters of Aircel earlier this month. Today multiple reports say that the company will shut down its 2G business by November 30th citing “creative destruction” by Reliance Jio. The company this week confirmed that it will be shutting down its direct to home (DTH) business Reliance Digital TV from 18 November due to the expiry of its DTH licence.
Continue reading “Reliance Communications may shut down 2G business by November”
Reliance Communications (RCOM) and Maxis Communications
Berhad (MCB), promoters of Aircel signed agreements in September 2016 for the merger of RCOM’s mobile businesses with Aircel. Now both the companies have called off the merger. This comes after the merger got approvals from several bodies such as CCI, SEBI, BSE and NSE earlier this year. Continue reading “Reliance Communications, Aircel merger called off”
Update March 20: Reliance Communications (RCOM) today announced that it has received an approval of the Competition Commission of India (CCI) for the proposed merger with Aircel.
Earlier: Back in September last year Reliance Communications (RCOM) and Maxis Communications Berhad (MCB), promoters of Aircel announced that they have signing an agreement for the merger of their Indian wireless businesses. Continue reading “RCom-Aircel merger gets Stock Exchange and SEBI approvals”
Reliance Communications has launched Unimited Plans under Joy of Holi offer. This offers bundled data and voice-calling benefits for all new customers. It also offers with 1GB of data access offered at just Rs 49 along with unlimited on-net (RCOM to RCOM) local and STD calls as well as Rs. 149 plan with similar calling offer along with 3GB of 4G data with 28 days validity. Continue reading “RCOM launches Rs. 49 plan with 1GB 4G data, unlimited on-net calls”
Reliance Communications (Rcom) has introduced India’s first 4G VoLTE-enabled home phone that has a built-in SIM slot that connects to devices wireless. It runs on Android 5.1 (Lollipop), has a 3.5-inch touch screen and lets you use it as a WiFi hotspot to connect to 8 other devices. Continue reading “Rcom 4G VoLTE-enabled home phone with WiFi hotspot, Android launched”
FoneArena has obtained exclusive information regarding the Reliance Jio JioLink Indoor WiFi offering and also a 90 day Jio Preview Offer for the same. Jio is gearing up for a commercial launch soon and this solution could actually solve poor coverage or slow speeds in some areas especially when indoors. I have seen great speeds on Jio outdoors but when indoors , speeds do drop considerably. Let us dive in and find out what is JioLink and why it is big deal.
Continue reading “Exclusive : Reliance Jio JioLink Indoor WiFi Plans and Preview Offer Revealed”
Hello readers! Thanks for your amazing response for all our giveaways. Yes, we are back with another giveaway just for you. This time we are giving away a LYF WIND 1 smartphone teaming up with Jio Fan Club. This will let you enjoy 3 months of unlimited data and calls on Jio as a part of the preview offer. Jio recently opened up its preview offer for Samsung smartphones. Check out the step-by-step guide on how to activate it.
Continue reading “FoneArena JioFanClub LYF Smartphone Giveaway”