RCom Aiming to Adopt a 4G-Focused Mobile Strategy, Calls Off Merger With Aircel

Reliance Communications (RCom) led by Anil Ambani today revealed the company’s future plans. The Board of Directors of Reliance Communications Limited (RCom) had a meeting in Mumbai earlier today and reviewed the ongoing strategic transformation programme and even considered alternate plans for debt reduction.

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Here are the announcements made by RCom today.

Mobile Business

The board of directors decided that RCom will evaluate an alternate plan for its mobile business, through optimization of its spectrum portfolio and adoption of a 4G focused mobile strategy. The company recently asked its users to shift to 4G technology in Gujarat.

“RCom already has the unique advantage of capital light access to India’s most extensive world-class nationwide 4G mobile network through spectrum sharing and ICR Agreements with Reliance Jio,” said a press statement from RCom.

The combination of the mobile business of Sistema Shyam Teleservices Ltd (SSTL) into RCom is also expected to be completed this month. The addition of SSTL’s valuable spectrum holdings in the 800-850 MHz band will strengthen RCom’s spectrum portfolio by 30 Mhz, and extend the company’s spectrum validity period in 8 important circles in the country until the year 2033 i.e. for another 16 years.

The Company has valuable spectrum across 800/900/1800/2100 Mhz spectrum bands aggregating 200 Mhz, valued at over Rs 19,000 crore for the balance of validity period, based on last auction pricing. The company will evaluate opportunities for monetization of the same through trading and sharing arrangements.

RCom Calls Off Merger With Aircel With Mutual Consent