Reliance Communication (RCom) is struggling with huge debts of about Rs 40,000 crore and it is aiming to reduce it by 75 per cent in the next one year.
Reliance Jio and Reliance Communications are now virtually merged, Reliance Group chairman Anil Ambani said yesterday.
"Our spectrum is shared, our network is shared, our fibre is shared, our towers are shared, our voice is shared, and every effort to reach synergies, every effort to lower cost and to be capital light has been achieved," Ambani added referring to RCom and RJio deals for spectrum and infrastructure sharing.
Reliance Communication (RCom) is struggling with huge debts of about Rs 40,000 crore and it is aiming to reduce it by 75 per cent in the next one year. It has recently merged with Aircel which is expected to bring down its debt by Rs 20,000. RCom is also trying to sale its towers to reduce debt.
On the other hand, Mukesh Ambani's Reliance Jio has just entered the telecom segment and with RCom it could gain a huge boost. Infact, RCom since the start of this year reportedly allowed Jio to test its network by upgrading all its data users Jio's 4G network.
As per TRAI's data (as on 30th June 2016), RCom has 9.54 per cent market share.
The week ended on a high note with the launch of much awaited OnePlus 3T smartphone.
The LG V20 is rumoured to be priced at Rs 54,999.
The device will be available for purchase starting 6th December 12 noon at Rs 9,999.
The Huawei Honor 6S is expected to unveiled in January 2017.
OnePlus 3T and Google Pixel share a lot of specifications yet the former is priced almost half the price of the latter.
Further, adding up to the information, Huawei has confirmed that Mate 8 and P9 are expected to get the Nougat update first.
Reliance Jio yesterday announced the Happy New Year Offer extending its free services till 31st March 2017.
The Galaxy J7 Prime smartphone was launched in September this year.
The smartphone is available from Amazon.
The South Korean giant unveiled the new Gear S3 lineup back in September at IFA 2016.