TRAI Stops Simply Reliance Unlimited Plan on my Objection
Reliance Communications in May had launched Simply Reliance Unlimited Calling Plan a bundle of Lies to take an innocent consumer on a ride. I filed an RTI with TRAI seeking details of this plan and the Fair Usage Policy bundled with it in fine-print. TRAI in its response [ Reference No 1(139)/2010 - RTI ] - said,
In this connection, it is intimated that the tariff plan by M/S Reliance Communications Limited which inter-alia fixed a cap Read more
Reliance Communications – Etisalat Deal Possible – Valuations A Surprise
A week after Ambani brothers have struck truce there are all kinds of rumors being floated by folks close to the management. At first it was RCom merging with MTN in Africa, which looks a bit difficult. The new rumor that surfaced today with Heavy Buying in RCom stock is Etisalat DB bidding for 25% stake in Reliance Communications for a whopping USD 4Bn thus valuing the former at USD 16 Bn compared to current market cap of USD 6.5 Bn. The deal can go through but I don’t believe it would be based at an expensive valuation, given other available options for Etisalat. Read more
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