Just In
- 8 hrs ago OPPO Find X7 Ultra Camera Deep-Dive: Pushing the Boundaries of Photography on a Smartphone
- 9 hrs ago iQOO Z9 Turbo Launched in China: Snapdragon 8s Gen 3, 16GB RAM, and More
- 10 hrs ago iQOO Z9, Z9x Launched in China: 6000mAh Battery, iQOO 12 Inspired Design, 50MP Camera, & More
- 11 hrs ago HMD Branded First Set of Android Smartphones Are Here!
Don't Miss
- Education JEE Main Result 2024 Out, Telangana's 15 Toppers Shine, Check Statewise List of 56 Candidates with Perfect 100
- Sports Who Won Yesterday's IPL Match 40? DC vs GT, IPL 2024 on April 24: Delhi Capitals Clinch High-Scoring Thriller At Kotla
- News Mangalsutra Row: Did Indira Gandhi Donate Gold During The 1962 War? The Facts Behind Priyanka's Claim
- Movies Kota Factory 3 OTT Release Date, Platform: When Will Jitendra Kumar's Web Series Premiere On Netflix?
- Lifestyle Backless Dress: 7 Tips For Choosing Perfect Bra For Backless Outfits And Turn Heads Wherever You Go
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
- Finance DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared
- Automobiles Aston Martin Vantage Launched In India At Rs 3.99 Crore
Jio's proposed spectrum acquisition from RCOM would help to close the gap with incumbents
Jio would then be ahead of Bharti Airtel, Vodafone, and Idea.
According to a new report by Goldman Sachs Equity Research, Jio's proposed spectrum acquisition from RCOM would help it close the gap with incumbents.
The report said that Jio would then be ahead of Bharti Airtel, Vodafone, and Idea.
Meanwhile, a report by another firm Moody said that acquisition of RCom's telecom assets has no impact on RIL's Baa2 ratings.
As part of the transaction, Jio will acquire 122.4 MHz of 4G spectrum, 43,000 towers, 178,000 route kilometer of pan India optical fiber network and 248 media convergence nodes. "RIL considers these assets strategic in nature and expects to use them for large-scale roll-out of its wireless and fiber to home and enterprise services," Moody further said.
The acquisition also removes the overhang of RIL's ability to access the telecom infrastructure assets of RCOM following the latter's debt restructuring. It also ensures that RCOM's 4G spectrum does not fall into hands of RIL's competitors.
To recall, Mukesh Ambani owned Reliance Jio Infocomm Limited announced the signing of the definitive agreement for the acquisition of specified assets of Reliance Communications Limited and its affiliates.
Consequent to the agreement, RJIL or its nominees will acquire assets under four categories - Towers, Optic Fiber Cable Network ("OFC"), Spectrum and Media Convergence Nodes from RCOM and its affiliates. These assets are strategic in nature and are expected to contribute significantly to the large-scale roll-out of wireless and Fiber to Home and Enterprise services by RJIL, it added.
An asset monetization process for RCOM assets was mandated by the lenders of RCOM, who appointed SBI Capital Markets Limited to run the process.
The process is supervised by an independent group of industry experts. RJIL emerged as the successful bidder in the two-stage bidding process.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804