Virtual merger of Reliance Communication and Jio effected: Anil Ambani

| Wednesday, September 28, 2016 - 23:35
First Published |
Virtual merger of Reliance Comm and Jio, Anil Ambani, Reliance Communications, Chairman, Reliance Jio, Mukesh ambani, Telecom industry, Aircel, Reliance industries, Dhirubhai Ambani, 2G, 3G, 4G

The entire spectrum we need for 2G, 3G and 4G services plus spectrum trading & sharing agreements with Jio: Anil Ambani

Mumbai: Reliance Communications Chairman Anil Ambani on Tuesday said the company has all the spectrum needed to offer good-quality telecom services across 2G, 3G and 4G space, and that a virtual merger with Reliance Jio has been initiated.

"The other telecom companies will have to spend heavily on spectrum to survive. We are confident about the future of Reliance Communications and its market position," Anil Ambani said.

"We have the entire spectrum we need for 2G, 3G and 4G services plus spectrum trading and sharing agreements with Reliance Jio," he said. "We have accomplished a virtual merger between Reliance Communications and Reliance Jio."

Anil Ambani also said that after the merger with Aircel, the combined entity will be among the top operators in 12 circles in India. Ambani also added, he and his brother Mukesh Ambani, Chairman, Reliance Industries, will fulfill their father "Dhirubhai Ambani's telecom dream for India".

(Inputs from IANS)

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