- Tag results for Reliance Jio
Following Anil Ambani's RCom filing for bankruptcy, the telecom sector proves its deep crisis and the disruption has almost entirely to do with the predatory pricing and tactics of Reliance Jio.
Anil Ambani's RCom is planning to sell the RCom towers, spectrum and fibre assets to Mukesh Ambani’s Reliance Jio Infocomm Ltd.
Failing to take the initiative before the inevitable bankruptcy of Reliance Communications has cost them money.
According to Counterpoint Research, Jio captured 38 percent of the feature phone segment in just over a year with its compelling value proposition compared to normal 2G feature phones.
Bharti Airtel founder Sunil Mittal highlighted on a competitive telecom industry and a telecom price hike in the days to come.
Jio stormed into the world’s second-largest phone market in 2016 by offering free wireless services for months.
The Kumbh Mela has always been the Indian marketing professional’s Super Bowl.
The government, on its part, said that the approval was getting delayed because Jio refused to be held liable for RCom’s past unpaid dues.
The Department of Telecommunications has refused to clear the deal over non-payment of dues by RCom, despite the latter producing a corporate guarantee of Rs 1,400 crore to the telecom department.
Reliance Jio in December announced that it would hive off its fibre and tower businesses and form two separate companies.
Though the company’s proposal had come up at the last council meeting, both the ruling and Opposition councillors protested against the move to approve it without much discussion.
The Mukesh Ambani-led firm was fastest 4G operator with its average peak download speed in October at 22.3 Mbps.
According to a Sanford C Bernstein & Co report, Jio Infocomm Ltd could become the country’s top telecom operator by revenue in 2021
Railways had demanded free calls from the bidders and got it from all of them, it was the low cost data that pushed Jio as the frontrunner.
The Telecom Regulatory Authority of India said that independent drive tests through its appointed agency was conducted on eight highways and three rail routes.