According to experts, the deal places Reliance Jio in a favourable position as RCom's assets are valuable and will help the former to expand its market.
As big brother Mukesh Ambani comes to rescue Anil Ambani’s trouble RCom, the deal may help both brothers. RCom on Thursday said that the company has signed a definitive agreement with Reliance Jio for sale of towers, MCNs and fibre, under which it will sell its 4G services and 43,000 towers to Reliance Jio.
According to experts, the deal places Reliance Jio in a favourable position as RCom’s assets are valuable and will help the former to expand its market. COAI director general Rajan S Mathews said that the deal is clearly in line with the consolidation scenario in the telecom industry. “Emerging landscape of three dominant players in the telecom industry will be the new landscape,” he said. Rajan S Mathews estimated that Rs 25,000 crore would be a fair amount for the deal. The exact amount of the deal has not been disclosed yet.
“There is no doubt that Rcom’s assets are extremely valuable, plus the fact that they are best to Mukesh Ambani,” Mahesh Uppal, director, ComFirst India said. While Reliance Jio stands benefitted from the deal, RCom, now, would be able to repay a part of its Rs 45,000 crore debt. RCom was staring at December 31 insolvency deadline, because of which the company came up with debt recast plan on Tuesday to reduce its debt by monetising the assets of its wireless business.
Shares of RCom have more than doubled in last 6 days of trading. The share of RCom which emerged as a wealth destroyer and was on a continuous downslide from January 2016 has regained partially after Anil Ambani presented a revival plan on Tuesday to pull up the company from heavy debt burden. The stock of Reliance Communications surged as much as 110% to Rs 26.85 in a 6-day period from 19 December to 27 December.
http://www.financialexpress.com/industry/reliance-jios-rcom-acquisition-its-advantage-mukesh-ambani-but-anil-may-also-be-a-winner/993378/
IF you want to Get the Jio Winner List 2018 and Jio Lottery Winner India and Jio Phone Winners List India as well as Jio Lucky Draw Winner List by a call 00191 88444460.
ReplyDeleteKbc lottery is a very popular Indian TV game show hosted by India’s most reputed super star Amitabh Bachchan. Kbc lottery winner show isn’t only popular among Indian fans, it’s also quite popular outside India. Kbc lottery winner 2020 is a lucky draw program that anyone can join to earn a prize worth up to 25 lakhs.
ReplyDeleteKbc Lucky is an excellent website for Kbc Lottery Winner 2020 and Indians around the world who want to be participate in Kbc Lottery Activities. The website also provides Kbc Winner List for participants to get accurate Kbc Online Lottery Winner information.
ReplyDeleteYou are here which indicates that you are seeking your soulmate. If you are living in USA and are looking for American muslim matrimony usa ,Shadiclick will help you find an ideal partner of your own choice through halal ways.
ReplyDeletepink embroidered wedding dress
ReplyDeleteIf you want to participate in KBC show you need to call at Kbc head office whatsapp number or KBC head office number OR visit the official website of KBC you can get the chance to participate in KBC show.
ReplyDeletethanks for sharing this wonderful post!
ReplyDeletekbc website
kbc latest lottery winner
kbc head office mumbai