mukesh comes to anil rescue

[aakathaai]

 

 

 

MUMBAI:  Anil Ambani's debt-laden Reliance Communications Ltd has signed an agreement to sell its wireless assets to Reliance Jio Infocomm Ltd, the telecoms arm of elder brother and billionaire Mukesh Ambani's oil conglomerate Reliance Industries Ltd, both the companies said in separate statements on Thursday. The decision coincidentally came on the day of their father Dhirubai Ambani's 85th birth anniversary, giving the move a symbolic colour. 

The sale comprises of all spectrum, tower, fibre optic and other telecom infrastructure assets of Reliance Communications and is subject to government and other regulatory approvals, the statements said.

The sale marks the return of the telecom company back to the fold of Reliance Industries, which forayed into telecoms in 2002, spearheaded by elder Ambani, under the name of Reliance Infocomm Ltd.

A feud between the two brothers in 2005 led to the split of Reliance Industries when Mukesh Ambani kept the cash cow oil and gas business and Anil Ambani walked away with telecoms and power.

However, with the launch of Reliance Jio, Mukesh Ambani's reentry into the telecom space in September 2016 coupled with cut-price data and free voice service rattled the telecom industry, pushing RCom, as it is commonly called, into a debt spiral.

 

[Hydrockers]

appudu eppudooo na murder ki plans estunaru annadu Anil ambani. em ayyindi aa case?

[aakathaai]

Just now, Hydrockers said:

appudu eppudooo na murder ki plans estunaru annadu Anil ambani. em ayyindi aa case?

adi emo kaani monna aa madhya abhishek sangwi gaadi meeda 4000 cr paruvu nashtam daava vesaadu anil ambani denemma dabbulaa aakula anukunna manasulo

[Hydrockers]

6 minutes ago, aakathaai said:

adi emo kaani monna aa madhya abhishek sangwi gaadi meeda 4000 cr paruvu nashtam daava vesaadu anil ambani denemma dabbulaa aakula anukunna manasulo

5000 crs

raffel jets issue kada?

[aakathaai]

Just now, Hydrockers said:

5000 crs

raffel jets issue kada?

kadu abhishek sangwi gadu defaulter companies list lo reliance ni kooda add chesi statement ichadu daaniki anil ambaniki kaali defamation law suit file chesaadu 

[Hydrockers]

2 minutes ago, aakathaai said:

kadu abhishek sangwi gadu defaulter companies list lo reliance ni kooda add chesi statement ichadu daaniki anil ambaniki kaali defamation law suit file chesaadu 

loans kattakapote em antaru mari. em iana inko word unda?

[aakathaai]

Just now, Hydrockers said:

loans kattakapote em antaru mari. em iana inko word unda?

inkemuntadi alaantollaki 8.35 lakh debts pay cheyyalsin 50 corporate companies 3 lakh crores (adani, ambani, essar) eellave unnaai

[uttermost]

endhi?  cancer tho baadha paduthunna mana cinema celebrity mukesh aa 

[aakathaai]

Just now, uttermost said:

endhi?  cancer tho baadha paduthunna mana cinema celebrity mukesh aa 

joke ye gaa idi 

[Hydrockers]

6 minutes ago, uttermost said:

endhi?  cancer tho baadha paduthunna mana cinema celebrity mukesh aa 

joke esava , kinda padi navvala

[uttermost]

1 minute ago, aakathaai said:

joke ye gaa idi 

nee level ki nenu reach avvalenu boss.

edho maa chinna chitka joke lu eskonivvandi, pls.

[uttermost]

2 minutes ago, Hydrockers said:

joke esava , kinda padi navvala

juniors ni bathaka nivvandi saami. sampeyakandi maa kalaa poshana ni, moggaloney  

[mahesh1]

15 minutes ago, aakathaai said:

joke ye gaa idi 

hey you dalit hater..get out of this DB

[fake_Bezawada]

18 minutes ago, mahesh1 said:

hey you dalit hater..get out of this DB

anthe anthe

[Kool_SRG]

This was long expected Reliance Jio entered just to take over RCOM which was on life support from last 2-3 years.