Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani
IANS 27 September 2016
Reliance Communications Chairman Anil Ambani on Tuesday said the company had all the spectrum that is needed to offer good-quality telecom services across 2G, 3G and 4G space, and that a virtual merger with Reliance Jio had now been effected.
 
"The other telco companies will have to spend heavily on spectrum to survive. We are confident about the future of Reliance Communications and its market position," Ambani told the shareholders of the company here.
 
"We have all the spectrum we need for 2G, 3G and 4G services plus spectrum trading and sharing agreements with Reliance Jio," he said, adding: "We have accomplished a virtual merger between Reliance Communications and Reliance Jio."
 
The company chairman said that after the merger with Aircel, the combined entity will be among the top operators in 12 circles in India. He said that within 90 days of launch, the subscriber base of the company's 4G services had already crossed the 1 million customer-mark using over 1 GB data.
 
He also expressed confidence that the company's debt will be cut by 75 per cent within a year.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
Arthur James
8 years ago
Wonderful , practical and down to earth .
Arthur James
8 years ago
Wonderful , practical and down to earth .
Arthur James
8 years ago
Wonderful , practical and down to earth .
Arthur James
8 years ago
Wonderful , practical and down to earth .
Arthur James
8 years ago
Wonderful , practical and down to earth .
Arthur James
8 years ago
Wonderful , practical and down to earth .
Shashank Chowdhury
8 years ago
Agree that Aadhaar is not mandated to be mandatory. However, if an institution is contributing by way of registration of children it would only help. The observation that minors are being asked to get registered while the biometric profile is likely to undergo change is not acceptable. There is a clear process of upgrading the biometric profile in the Aadhaar Workflow. That takes care of it. In fact, new-born babies can also be registered and their biometric profile can be updated as they grow.

However, there are other reasons for Aadhaar to be not mandatory which I can elaborate in an article in your magazine. Please do let me know.
MDT
Replied to Shashank Chowdhury comment 8 years ago
Basic question is... who will bear the cost of regular updating biometrics. Also the current verification (if at all present anywhere) are based on single fingerprint. In this scenario, why collect 10 fingerprints and iris scans? And who has verified the data being collected by registrars?
Array
Free Helpline
Legal Credit
Feedback