No Result
View All Result
  • Login
Monday, May 23, 2022
Afternoon Voice
SUBSCRIBE
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
Afternoon Voice
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Epaper
  • More

Home > Uncategorized > After Airtel-Loop deal, buzz grows around Reliance Jio

After Airtel-Loop deal, buzz grows around Reliance Jio

afternoonvoice@gmail.com' by Afternoon Voice
February 19, 2014
in Uncategorized
A A
0

Just a day after Airtel announced an agreement to buy Loop Mobile, ratings agency Fitch said that Mukesh Ambani-backed Reliance Industries could buy a telecom player to increase its spectrum holdings.
Bharti Airtel announced on Tuesday that it has agreed to acquire Loop Mobile – the first merger in the country’s crowded telecoms market in nearly six years.

Reliance Jio, a unit of Reliance Industries, has big plans to enter the telecom arena and it won 14 circles in the recent spectrum auction. Nitin Soni, associate director of Fitch Ratings Singapore Pte, told that the Reliance Jio may look at acquiring a smaller telecom player to increase its spectrum assets.

Reliance Industries has cash and equivalents of nearly $15 billion (nearly Rs. 95000 crore). In the recent spectrum action, Reliance Jio won 78.8 MHz in 1800MHz spectrum. It already owns 20 MHz in 2300 MHz (4G band). This could help Reliance Jio to enter the telecom arena by offering voice and data services.

“RIL has huge investment plans to enter telecom business. The quantity of spectrum they have acquired in the recent auction may not be enough for the large scale plans. So the rationale is that they have to acquire somebody to consolidate spectrum assets and compete directly with the top 3 or 4 four,” he said.

And among the telecom players Videocon looks to be the most likely candidate for RIL to acquire, he added.

Mr. Soni said the Indian telecom needs consolidation. “The industry will not be able to afford more than 6-7 players from the existing number of 12. We believe the recent spectrum auction has clearly spelt out the pecking order which companies will exist in the next five or 10 years,” he said.

The much-awaited guidelines for mergers and acquisitions of telecom companies are expected to be in place within 10 days, Telecom Secretary MF Farooqui said on Wednesday. The guidelines could smoothen out the process for consolidation in the sector.

afternoonvoice@gmail.com'

Afternoon Voice

Recommended For You

p chidambaram, chidambaram, congress, Jawaharlal Nehru, Narendra Modi
Uncategorized

Attempt to distort history, Nehru intervened in Goa at right time: Chidambaram on PM’s criticism

February 11, 2022
ks sethumadhavan, director, south indian, filmmaker, sethumadhavan
Uncategorized

Legendary South Indian director K S Sethumadhavan passes away

February 9, 2022
japanese, japan pm, shinzo abe, shinzo
Uncategorized

Ex-Japan PM says a Chinese military “adventure” could be “suicidal”

February 9, 2022
tayyip erdogan, erdogan, Alevi, Alevi community, AK Party
Uncategorized

Tayyip Erdogan faces uphill bid to woo Turkey’s large Alevi minority

February 9, 2022
aghanistan, afghan, violence, violence against women, taliban
Uncategorized

UN raises issue of violence against women, girls in Afghanistan

February 9, 2022
australia, covid-19, covid restrictions, australia travel
Uncategorized

Australia announces easing of travel restrictions from December 1

February 9, 2022
ADVERTISEMENT

LATEST NEWS

petrol, diesel, petrol diesel prices, mumbai, lpg prices, petrol prices

Maharashtra, Kerala, Rajasthan reduce VAT on petrol, diesel after Centre cuts excise duty

May 22, 2022
raj thackeray, thackeray, uniform, uniform civil code, mns, ayodhya, narendra modi, modi, pm modi, prime minister narendra modi, civil code

Uniform civil code can usher in truly secular India

May 22, 2022
raj thackeray, thackeray, uniform, uniform civil code, mns, ayodhya

Raj Thackeray once again echoed demand for uniform civil code

May 22, 2022
raj thackeray, ayodhya, raj, thackeray, mns, maharashtra navnirman sena, mns chief, ayodhya rally, brij bhushan singh, uttar pradesh, up, bjp up

Raj Thackeray’s postponement of his Ayodhya visit relieved the ruling party

May 20, 2022
raj thackeray, ayodhya, raj, thackeray, mns, maharashtra navnirman sena, mns chief, ayodhya rally

Who sent Raj Thackeray on the back foot?

May 20, 2022
cyber crime, cyberbullying, ca, chartered accountant, fraud, online fraud, mumbai police, thane police, police, Bank frauds, banking fraud, city coporation bank

Mumbai Police helped Chartered accountant to retrieve Rs 11 lakh in cyber fraud case

May 20, 2022
ADVERTISEMENT

EDITOR TWEETS

Tweets by @vaidehisachin
Afternoon Voice

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Important Links

  • Disclaimer
  • Privacy Policy
  • About Us
  • Contact Us
  • Support Parallel Media

Follow Us

No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?