ANSWER: Reliance Communications
Explanation:
Reliance Telecom Ltd is a wholly owned unit of Reliance Communications and will emerge operations in 5 circles back into RCom allowing customers seamless 3G and 4G services. - Consolidation of RCom Wireless Business under one entity will be demerged at a later date and merged with Aircel
- RCom informed the stock exchange that subsidiaries will derringer the circles of Bihar, HP, Jharkhand, MP, Chattisgarh, Odisha and West Bengal
- Company will benefit from maximisation of synergies in operational processes, logistics alignment leading to economies of scale and increased customer experience
- Reliance Communications Q4 net profit fell 22 percent
- 3G and 4G/LTE network resources and platforms under single license per service area, customers will obtain seamless services and compliance requirements will be attained by the company under applicable regulations
- RCom will demerge the wireless business and merge it with existing unlisted Aircel with promoters of both sides owning 50 percent in the new entity
|
