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27 September 2016
 |
| JIO(The Total Investment & Insurance Solutions) |
Reliance
Communications Chairman Anil Ambani on Tuesday said the company had all the
spectrum that is needed to offer good-quality telecom services across 2G, 3G
and 4G space, and that a virtual merger with Reliance Jio had now been
effected. The Total Investment &
Insurance Solutions
"The
other telco companies will have to spend heavily on spectrum to survive. We are
confident about the future of Reliance Communications and its market
position," Ambani told the shareholders of the company here. The Total Investment & Insurance
Solutions
"We
have all the spectrum we need for 2G, 3G and 4G services plus spectrum trading
and sharing agreements with Reliance Jio," he said, adding: "We have
accomplished a virtual merger between Reliance Communications and Reliance
Jio." The Total Investment &
Insurance Solutions
The company
chairman said that after the merger with Aircel, the combined entity will be
among the top operators in 12 circles in India. He said that within 90 days of
launch, the subscriber base of the company's 4G services had already crossed
the 1 million customer-mark using over 1 GB data.
He also
expressed confidence that the company's debt will be cut by 75 per cent within
a year.The Total Investment &
Insurance Solutions
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