Airtel Offers INR9,500cr Upfront Cash for RCom Assets, Reliance Jio Fiber Announces Prepaid Plans

Airtel offers INR9,500cr upfront cash for RCom assets. Reliance Jio Fiber announces Rs 351, Rs 199 prepaid plans.

 

RELIANCE

Airtel offers INR9,500cr upfront cash for RCom assets.

Betting High: Telecom operator Bharti Airtel has offered about INR9,500cr in cash for the assets of beleaguered Reliance Communications (RCom), which is undergoing insolvency proceedings. 

 

Along with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have also submitted their bids.

 

Good to Know: Mukesh Ambani-led Reliance Jio Infocomm (RJio) has offered INR3,600cr as upfront cash payment but has not placed a bid on RCom’s spectrum assets or the company’s real estate. Hindu BusinessLine

Reliance Jio Fiber announces Rs 351, Rs 199 prepaid plans.

Reliance Jio has introduced two new prepaid vouchers worth Rs 351 and Rs 199 in addition to the existing prepaid plans available for its Jio Fiber broadband service. Here are the details about the new plans.

 

However, unlike the big bang launch of Reliance Jio's mobile broadband services three years ago, the company’s plans for its fixed broadband services have been rather subdued. "While tariffs for its mobile services were far below competition, the tariffs announced for JioFiber three months ago was more or less in line with prevailing market rates." Considering Jio's target of reaching 20 million subscribers in the near-term, and 50 million subscribers eventually, it is rathe rimperative that the tariffs would need to come down. Livemint

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