wrapper

Beaking News

Wednesday, 14 September 2016 00:00

Is Reliance communications targeting Jio network ? Featured

Rcom tie up with aircel Rcom tie up with aircel
Everything is ready for the RCom and Aircel merger. An official announcement may be out regarding this merger in this month only. Reliance communications, which is headed by Anil Ambani is thinking to make an entry into the top-3 list by increasing it's user base.

The final decision on this deal will be taken in the next board meeting. With this merger,Rcom wants to acquire 196 million user base. After the merger, both these brands will hit the markets with a new brand name. Both the companies are contributing 580 million each to reach 7600 crores equity pool. The new company's band width may be 800, 900, 1800, 2100, 2300 Mhz .

But the band width ranges are not confirmed by the companies. As Jio is shaking the market with it's free offers. Rcom announced a plan to competing with Jio plan which is offering full talk time and 1 GB of data for Rs 40. Jio may be targeted by his brother's company in the future.

Read 504 times