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The Competition Commission of India has approved the proposed sale of the tower division of Reliance Communications’ subsidiary, Reliance Infratel, to Canada-based Brookfield Infrastructure Group. “The Competition Commission of India (CCI) has approved the proposed transaction involving the sale of the tower division of Reliance Infratel Limited, a subsidiary of Reliance Communications Ltd., which is to be carried out pursuant to a demerger of the tower division to Towercom Infrastructure Private Limited (Towerco),” Reliance Communications said in a statement.

 
Reliance Communications today said it has received approvals from markets regulator SEBI and the stock exchanges for proposed demerger of its wireless business into Aircel Ltd.

"Reliance Communications has received approval of the Securities and Exchange Board of India (SEBI), BSE and NSE for the proposed scheme of arrangement for demerger of the wireless division of the company into Aircel Ltd and Dishnet Wireless Ltd," the company said in a regulatory filing.


 
MUMBAI: Reliance Communications, the telecom unit of Anil Ambani's Reliance Group, launched a special tariff offer on Friday, further intensifying a price war that the industry is caught into.

The 'Joy of Holi' plans offer RCom's new 4G customers 1GB of data for Rs 49 and 3GB for Rs 149 for 28 days.


 
Reliance Communications has jumped into the telecom war with new offers on the festival of Holi. In the new ‘joy of Holi’ offer, Reliance has taken on the competitive 4G data pricing from Reliance Jio, Vodafone, Airtel and Idea. In the tariff war between Reliance Jio Prime, Airtel, Vodafone and Idea, users have found themselves in a fix among the complicated plans on offer, and now Reliance Communications too, has jumped into the fray.

 
In the tariff war between Reliance Jio Prime, Airtel, Vodafone and Idea, users have found themselves in a fix among the confusing plans on offer. Ever since Reliance Jio announced its plans in India, there has been an interesting tariff war among telecom companies, where many of the rivals like Airtel and Vodafone have accused it of disrupting the market. While Jio offered its calling and data services for free earlier, both the ‘Welcome Offer’ and ‘Happy New Year’ have now ended. This means, now consumers of Jio network will have to pay for the data services in order to avail the offers. However, the calling will remain free forever, according to Reliance Jio.

 
Reliance Jio (RJio) has set a target of capturing half the telecom sector’s projected revenues of Rs 3 lakh crore by FY21. The company, which will start charging customers from April 1, indicated this at an analyst meet on Thursday. The company also plans to hit an operating profit margin of 50 per cent on the back of an efficient network, which it claims operates at the lowest operating cost per gigabyte. If RJio manages to reach the projected numbers, it will be unprecedented given no new entrant at the global level has achieved more than 10 per cent market share after launching their services.

In fact, most analysts had pegged a revenue market share of 20 per cent for the company by 2020. RJio is expected to break-even at the operating profit level by the end of FY18 and achieve revenues of $3 billion (or Rs 20,000 crore), according to analysts at Morgan Stanley.


 
Reliance Jio will start charging customers from April 1, but will offer sharply discounted prices for a year to those who sign up by the end of March. Customers who sign up by March 31 will be able to use unlimited data and voice services for a year at Rs 303 a month under a special offer, Mukesh Ambani said.

Enrolment to the plan would cost a one-time fee of Rs 99.


 

Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's Jio Money.

Reliance said on Monday it had struck a partnership with Uber Technologies Inc which will help it challenge PayTM's dominance in digital payments.


Telecom shares in focus; Bharti, Idea up 2%
Posted on 20th February 2017
 
Shares of telecom service providers were in focus with all frontline stocks like Bharti Airtel, Idea Cellular, Reliance Communications (RCom), MTNL and Tata Teleservices (Maharashtra) up between 2% and 8% on the BSE.

At 10:40 am; the S&P BSE Telecom index, the largest gainer among sectoral indices, was up 1.85% as compared to 0.15% rise in the benchmark S&P BSE Sensex.


 
MUMBAI: Reliance Communication (RCom) expects to complete three proposed deals, including a merger with Aircel, by the middle of 2017.

The Anil Ambani-led telecom company agreed to sell a 51% stake in Reliance Infratel, the company’s tower unit, to Canada’s Brookfield Group for Rs 11,000 crore.


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