Tuesday, 25 September 2018

RCom offloads spectrum to Reliance Jio in a bid to cut debt

By Chris Kelly, Total Telecom
Monday 13 August 18

Reliance Jio is one of India's biggest operators with over 186 million subscribers

Reliance Communications (RCom) is set to sell an additional 65 MHz of spectrum in the 800MHz band to Reliance Jio, according to reports in the Indian media. According to estimates published by the Economic Times of India…

Reliance Communications (RCom) is set to sell an additional 65 MHz of spectrum in the 800MHz band to Reliance Jio, according to reports in the Indian media. According to estimates published by the Economic Times of India, the sale is expected to raise around 35 billion rupees ($505 million).

"Reliance Communications and Reliance Jio Infocomm Ltd today announced the signing of an agreement for a change in spectrum allotment in 800 MHz band across 22 Circles from RCOM to RJIL," RCom said in a statement to the press on Saturday.

The spectrum will help Reliance Jio bolster its mobile telephone and broadband networks across the country. The 65MHz of spectrum is in addition to the 122MHz of spectrum that RCom is already selling to Reliance Jio.

Reliance Jio has disrupted the Indian telecoms market by offering extremely low-priced data tariffs, handsets and fixed line broadband services across the country. This in turn has led to rival operators slashing their prices, leading to a savage price war that is causing operators to haemorrhage money.

The transaction is subject to both players obtaining the standard regulatory approvals.

 

Also in the news: 

A million km of fibre - India's quest ot bring 5G to the masses

India eyes 5G by 2022

Indian regulator slashes the cost of 5G spectrum 

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