Wednesday, 17 October, 2018

Rcom Wireless Business Shutting Down, Anil Blames Mukesh

RCom to pull the plug on its DTH operations Reliance Communications To Shut Down 2G Mobile Business By November
Troy Mann | 26 October, 2017, 10:42

The ET noted that "people familiar with the matter" have claimed that RCom is set to shut down its 2G operations, essentially divesting its lowest ARPU subscribers, in order to focus on the profitable elements of its 3G and 4G operations.

A email query sent to RCom remained unanswered. "We stand at a situation where we need to call it a day on our wireless business and this would bring the curtains down on our wireless business 30 days from now", Singh said. According to the Economic Times report, RCom has informed all employees that they will only be with the company until November 30.

The company will shut down its DTH business - Reliance Big TV - once its licence expires on November 21 and shift users to a different platform.

Singh also said November 30 will be the last working day for all employees at DAKC (Dhirubhai Ambani Knowledge City) associated with wireless business and services that support it. However, as the company's enterprise unit could assume control over these, there is the possibility that its dedicated wireless unit could be shuttered. Merger talks between the company and Aircel also collapsed following delay in getting approvals from the courts and other authorities like Department of Telecom. Reliance Communications was expected to merge its wireless business with Aircel but the merger deal didn't go through due to various reasons.

Marathon Petroleum Corp (MPC) Analysts See $1.21 EPS
It dropped, as 24 investors sold ViaSat, Inc. shares while 37 reduced holdings. 64 funds opened positions while 161 raised stakes. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return.


MP CM Shivraj Singh Chouhan Gets The Taste Of Troll Medicine
According to the news agency ANI, the Madhya Pradesh chief minister went on to say: "I am not saying it just for the sake of it". During his tour, he indicated that he was not left much impressed by the state of roads in Washington D.C.


Actress accuses George HW Bush of touching her from behind
It moved me from behind from his wheelchair, while his wife Barbara Bush stood at his side. Lind also alleges Bush told her a "dirty joke".


On October 1, the company announced a plan to reduce its debt by Rs 25,000 crore through monetisation of tower, fibre assets, real estate and optimisation of the spectrum portfolio. An independent third party valuation for development of 125-acre prime real estate in Navi Mumbai established significantly higher present value monetisation potential of Rs 10,000 crore, the company had said earlier.

RCom has neither confirmed nor denied the report.

RCom is in the midst of a strategic debt restructuring, under which it has entered into a standstill agreement with banks requiring it not to pay any interest or principal till December 2018.

Recommended

Here's how Lexus sees the future of self-driving cars Here's how Lexus sees the future of self-driving cars To go with the advanced autonomous technology, Lexus has also treated the still-fresh LS to a styling overhaul. But as far as the types of sensors and cameras that it will be using to power its system, Lexus won't say.

Steam finally offers digital gift cards Steam finally offers digital gift cards In India, the Steam Digital Gift Cards are available in certain denominations, starting from Rs. 320 and going up to Rs. 6,400. Their digital gift card will be delivered into their Steam Wallet to use right away once your friend accepts their gift.

India vs New Zealand: Mitchell Santner Praises Indian Bowlers After Pune Loss India vs New Zealand: Mitchell Santner Praises Indian Bowlers After Pune Loss The Australians had hammered India by 333 runs on a turner where the home team were bowled out for 105 and 107 in two innings. A few hours before the start of the match, there was the talk of fixing about Pune's pitch.

Pakistan HC accepts petition to prevent Nawaz Sharif from heading PML-N Pakistan HC accepts petition to prevent Nawaz Sharif from heading PML-N A day after, the ex-PM had also been indicted in two other references regarding Al-Azizia Steel Mills and other companies. Captain Safdar arrived before Maryam, who made her way to the court directly after arriving in Islamabad from Lahore.

Nicki Minaj Might Not Testify at Brother's Child Rape Trial After All Nicki Minaj Might Not Testify at Brother's Child Rape Trial After All Nicki will not be connected to this case in any way despite what Maraj's legal team stating that she was on the witness list. The boy, whose room was next to his sister's, revealed that he initially began to hear his sister's bed squeaking at night.

Fuso concept kicks off Daimler's electric plans for all trucks, buses Fuso concept kicks off Daimler's electric plans for all trucks, buses This light-duty electric truck has a gross vehicle weight of 7.5 tons and an approximate range of between 62 miles and 75 miles. The concept truck "marks the top end of the electrification path of the company's portfolio in the upcoming years".

Virginia benefitting in multistate Deutsche Bank settlement Virginia benefitting in multistate Deutsche Bank settlement A panel of banks submit their rates each day to establish the daily benchmark for 10 different currencies, including USA dollars. An investigation into other banks continues. "They manipulated interest rates hoping to turn a quick profit".

BJP's anti-black money day against Oppn's black day on November 8 BJP's anti-black money day against Oppn's black day on November 8 Asked whether the Prime Minister would participate in the campaign, Jaitley said the details were being worked out. Ownership of cash is not known, anyone can own cash.

N has no dependence on United States to govern Pakistan: Khawaja Asif N has no dependence on United States  to govern Pakistan: Khawaja Asif Separately, talking to Geo TV, he said that Pakistani leaders told Tillerson that there were no terrorist safe havens in Pakistan. Asif said Pakistan wants to expand relations with the United States on the basis of equality and self-respect.

Scully and Valenzuela combine for memorable first pitch Scully and Valenzuela combine for memorable first pitch And of course this was a time for the 1981 NL Rookie of the Year and Cy Young victor Fernando Valenzuela to come on out. Scully finished by leading the capacity crowd with his pre-game catchphrase: "It's time for Dodger baseball!"

Interlocutor's appointment won't stop security operations: Gen Rawat Interlocutor's appointment won't stop security operations: Gen Rawat It was followed by a brazen attack at the Uri army base on September 18, 2016 which claimed the lives of 19 soldiers. We are also looking at Electronic Warfare (EW) system to keep an eye not just on borders but in hinterland also.

Police officer helps child left at school on his birthday Police officer helps child left at school on his birthday Robinson said he's not sure if the boy wants to be a police officer when he grows up, but he hopes they stay in touch. So, Officer Robinson stepped into action and took the child to McDonald's for a meal.

United States ambassador Haley evacuated from S. Sudan camp United States  ambassador Haley evacuated from S. Sudan camp A fragile peace deal broke down past year amid gun battles between soldiers and rebels in the capital Juba. They "became upset that [Haley] was not able to meet with them, due to time constraint", the person said.

Update on disappearance of Sherri Papini Update on disappearance of Sherri Papini Officials have said Keith Papini passed a lie-detector test they gave to see whether he had anything to do with her disappearance. He said he had found her phone - with strands of ripped-out hair - on the road after activating the Find My Phone feature.

Aadhaar, welfare linking deadline now Mar 31 Aadhaar, welfare linking deadline now Mar 31 He submitted that till such time, no coercive action shall be taken against people who are yet to apply for Aadhaar card. A challenge to its linking to mobile phones will also be addressed by the court.