Reliance Denies the Reports That Suggest Its Bidding for BT

The telecom service provider asks the media to conduct due diligence and verification before publishing such news.

Published by
Ria Lakshman

Reliance Jio

Mukesh Ambani-led Reliance Industries denied any participation in the bidding for the UK telecom group British Telecom, popularly known as BT. Calling the report entirely speculative and baseless, the telecom major requested the media to conduct due diligence and verification before publishing such articles.

The mentioned news report was published by The Economic Times on November 29, 2021. The report cited that Reliance might make an unsolicited offer to purchase BT or may obtain a controlling share in the firm. It also said that the company might make partnerships with BT’s networks arm Openreach and fund its fibre expansion plan.

British Telecom is already under many speculations, primarily a takeover by Franco-Israeli billionaire Patrick Drahi who bought a 12.1% stake in the company this year.

The shares of BT has leapt as much as 9%, valuing the company at 16.5 billion pounds ($22 billion) with the news.

Reliance Jio hikes prepaid tariff by 20% from December 1

Following Airtel and Vodafone Idea’s footsteps, Reliance Jio increased its prepaid tariff by 20% from December 1. The entry-level plan of Rs 75 for JioPhone subscribers will now cost Rs 91 with the new price hike. The Rs 129 base plan with unlimited calling and data will be increased to Rs 155. The Rs 149 prepaid plan has increased to Rs 179, and the Rs 199 prepaid plan costs Rs 239. The Rs 249 prepaid plan price has also increased, and it now costs Rs 299.

There are also changes in the validity plans. The Rs 399 plan will cost Rs 479 from December 1. The Rs 444 plan offering 2GB per day would cost Rs 533. The 84-day validity plans that cost Rs 329, Rs 555 and Rs 599 now cost Rs 395, Rs 666 and Rs 719, respectively.

The telecom service provider lost 11 million subscribers in the July-September quarter and ended with 429.5 million users. When the quarter ended, Jio’s ARPU stood at Rs 143.6. The market leader targets to hit 500 million subscribers this quarter.

Today is the last day for the subscribers to recharge with the old prices still in effect.

Ria Lakshman

An astute writer with a track record in writing and publishing content for various industries, Ria brings on board her wealth of experience in journalism and love for technology to TelecomTalk. When not writing or reading, she spends a copious amount of time daydreaming and finding obscure Japanese folklore on the internet.

Published by
Ria Lakshman

Recent Posts

BSNL’s Rs 89,047 Crore Revival Package Approved by Cabinet, Includes 4G/5G Spectrum Allocation

In a major development, the Union Cabinet, under the leadership of Prime Minister Shri Narendra…

BSNL to Launch 4G Service in Erode and Tirunelveli Soon: Report

State-owned telecommunications company Bharat Sanchar Nigam Limited (BSNL) will soon launch 4G services in the…

Airtel Leads With Over 3 Crore Wireless Subscribers in Karnataka

Bharti Airtel, India's leading telecommunications service provider, has further strengthened its leadership position in the…

Microsoft and AirJaldi Partner to Expand Internet Connectivity in Rural India

Microsoft, in collaboration with AirJaldi Networks, a leading provider of internet connectivity solutions for rural…

Fiberklaar to Bring Fiber Network to Erpe-Mere Residents

Belgian operator Fiberklaar announces its plans to deploy a state-of-the-art fibre network in the Erpe-Mere…

EU Considers Mandatory Ban on Huawei and Other Security-Risk Companies in 5G Networks

The European Union (EU) is deliberating the implementation of a mandatory ban on member states…

Bharti Airtel Witnesses Surge in International Roaming Pack Subscriptions

Bharti Airtel, one of India's leading telecommunications service providers, launched the World Pass - a…

Web Series Premiering on OTT Platforms in the First Week of June

Worry not if you're wondering what to watch, as our favorite web series are available…

Vodafone Idea Mobile Plan that is Made for Travellers

Vodafone Idea (Vi) offers a postpaid mobile plan to consumers that comes with travelling and…