Question: Will Jio Buy Reliance Communication?

Who is going to buy RCom?

Once regulatory approvals are given, the company will acquire all of Aircel’s assets.

As for RCom, tower company Reliance Infratel will go to Reliance Jio for a deal worth around Rs 20,000-22,000 crore, which will be paid over a period of seven years..

Is RCom worth buying?

Reliance Communications Limited (NSE:RCOM) shareholders have seen the share price descend 15% over the month. On the other hand, over the last twelve months the stock has delivered rather impressive returns. … This is a good example of how buyers can push up prices even before the fundamental metrics show much growth.

What is the turnover of Jio?

Reliance Jio reported a revenue of over 186 billion rupees in March 2020. Values showed an exponential growth in revenue since december 2017….Operating revenue of Reliance Jio from December 2017 to March 2020 (in billion Indian rupees)Value in billion Indian rupees–9 more rows•Feb 17, 2021

Which company owns Jio?

Jio PlatformsJio/Parent organizations

Will Jio buy rcom?

On Monday, the Mukesh Ambani-led company also submitted to the court that it is not interested in acquiring the spectrum or any asset of RCom, owned by Ambani’s younger brother Anil Ambani. Jio also said it has not submitted any resolution plan to acquire RCom under the Insolvency and Bankruptcy Code (IBC).

Is Jio profitable for Reliance?

Revenue from operations stood at Rs 18,496 crore in the preceding quarter. Reliance Industries’ subsidiary Jio Platforms Ltd on Friday reported a 15.5 per cent quarter-on-qurater rise in net profit at Rs 3,489 crore for the third quarter ended December 31, 2020 from Rs 3,020 crore in July-September quarter.

Is Reliance SIM still working?

On 29 December 2017, Reliance discontinued voice services in India and would provide only 4G data service.

Which share is lowest today?

IndustryCompanyCurrent PriceDay’s Low/HighIndian Hotel100.2599.55 104.50CentralBank of India17.4017.00 18.15Reliance Capital9.959.81 10.32Bank Of India69.1067.75 71.0016 more rows

Will Mukesh Ambani buy RCom?

Finally, Mukesh gave the helping hand and agreed to buy the RCom assets. Jio had announced a Rs 23,000-crore deal in December 2017 and completed the purchase of media convergence nodes and fibre for Rs 5,000 crore.

Who is the CEO of Jio?

JioJio’s headquarters in RCP, Navi MumbaiKey peopleMukesh Ambani (Chairman) Sandip Das (Managing Director)ProductsFixed line telephone Mobile telephony Wireless broadband Internet services OTT ServicesRevenue₹22,858 crore (US$3.2 billion) (Q3 2020–21)Operating income₹14,363 crore (US$2.0 billion) (FY 2019–20)13 more rows

Will Reliance Jio be a sustainable business in India?

Yes, Reliance Jio is a sustainable model and will be profitable because, 1) By giving free data plan and voice calls it has added over 100 million Indian users. 2) Its data and call plans are cheaper than all of its competitors. 3) Many people who now understand benefits of internet will continue using it by paying.

Which is the cheapest share to buy?

Detailed overview of the Best stocks below Rs 10 to buy now in IndiaSr. NoCompany NameBSE Scrip Code1Vodafone Idea5328222SOUTH INDIAN BANK5322183SUZLON ENERGY5326674RattanIndia Power53312211 more rows•Mar 1, 2021

What are the benefits of Jio SIM?

Here are 5 Advantages and 5 Disadvantages of Reliance Jio 4G SIM Against its RivalsLTE-only Network: Advantage. … VoLTE Calls: Advantage. … No Charges for SMS and Calls: Advantage. … National Wide Free Roaming: Advantage. … Wi-Fi Data Plans: Advantage. … There is no pack of Rs. … Unlimited Night Data has a catch: Disadvantage.More items…•Sep 13, 2016

Will Reliance Communication merger with Jio?

Experts say that Jio which is planning an IPO, would find it difficult to bid for RCom and Reliance Telecom as under the rules a non-listed entity (Reliance Jio) has to merge with the listed entity (RCom), which in this case is not possible.

Is it right time to buy Reliance Communication shares?

As on 15th Apr 2021 RCOM Share Price closed @ 1.65 and we RECOMMEND Buy for LONG-TERM with Stoploss of 1.31 & Strong Sell for SHORT-TERM with Stoploss of 1.79 we also expect STOCK to react on Following IMPORTANT LEVELS.

What went wrong with Reliance Communications?

It invested heavily to roll out GSM services, eventually ending up with a massive debt. RCom’s involvement in the 2G scam, its inability to reduce its debt due to failed business sales and falling revenue led to its downfall over the next decade.

Which share is best to buy now?

HOT STOCKS – BEST STOCKS TO BUY TODAYComapny nameCREATE DATE/TIMETARGET PRICEUPL1/16/2020 12:47 PMTarget 596-600Sun Pharma.Inds.1/16/2020 12:47 PMTarget 460-462Kotak Mah. Bank1/16/2020 12:47 PMTarget 1706-1710

Is Jio and Reliance same?

📱 Reliance Jio (Jio for short): In 2019, RIL decided to reorganize its telecom and digital-facing business by setting up a wholly-owned subsidiary for digital platform initiatives, Jio Platforms. Jio Platforms include its telecom venture Reliance Jio Infocomm, with a user base of 400 million.

How did Jio gets its name?

Well, Jio is Hindi word which means “Live Long”. Mr. Dhirubhai Ambani used to bless younger with the blessing word JIO which means Live your Live Long and the way you want with accomplishing goals of life. Jio then becomes the name for the cheapest or Free Telecom service provided by Reliance.

What is full name of Jio?

Reliance Jio Infocomm LtdReliance Jio Infocomm Ltd (popularly known as Jio), is a mobile network operator in the country. It is owned by Reliance Industries, headquartered in Mumbai.

Will Reliance Communication bounce back?

The Reliance Communications share closed 0.74% higher at 5.48 level in trade today compared to the previous close of 5.44 on the BSE. … However, during the fag-end of the session it stock bounced back, rising 0.74 per cent to close at Rs 5.48. On NSE, shares pared early decline and closed at Rs 5.65, up 1.80 per cent.