In what seems to be a strategic partnership, India's 4th largest operator by subscriber base has tied up with e-commerce giant PayTM to bundle a free 4G blank sim for its existing CDMA subscribers who buy a new 4G capable handset on PayTM as a part of the CDMA to 4G upgrade programme started by Rcom. PayTM is offering a 5% cash back to PayTM wallet on the order of... Read More
Reliance Communications (RCom) has started the process to stock 4G SIM cards as the company is shutting down its CDMA networks soon to use the spectrum for 4G networks. Reliance Mobile Stores across the country would start getting 4G SIM cards from next week and those SIM cards could be swapped with old CDMA SIM cards through easy SMS, according to sources. However, new 4G SIM would only be available for... Read More
Telecom firm Reliance Communications is in the process of upgrading CDMA networks and providing customers with 4G services. The firm has sent out smes to its customers, saying: “We are upgrading CDMA network to 4G shortly. As a preferred customer, await our invitation to the best 4G network.” The company would be upgrading about 5 million CDMA customers to LTE (a 4G standard) technology, riding on Reliance Jio’s 4G infrastructure.... Read More
Anil Ambani, Chairman, Reliance Anil Dhirubhai Ambani Group, address back to back AGMs and said that RCOM would bring down its debt below Rs 20,000 crore in next 2 years. Currently, RCOM has a debt of Rs 35,000 crore. “Non-core businesses like real estate and DTH will be monetised. We are looking at various options to monetise these two assets. One option is demerger of land banks from the company and... Read More
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