Reliance Communication (RCom) has cut 3G mobile data prices by almost half. The company has reduced the prices for 1GB of 3G data at Rs 123 per month from Rs 250 per month at present.
Recently, the company completed securitisation of proceeds under the Rs 1200 crore ($200 million) inter-city Fibre Agreement signed with Reliance Jio Infocomm in April 2013. The proceeds from securitisation have been utilized to repay high cost rupee debt, resulting in significant interest cost savings for RCom.
RCom is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
Recently, the company completed securitisation of proceeds under the Rs 1200 crore ($200 million) inter-city Fibre Agreement signed with Reliance Jio Infocomm in April 2013. The proceeds from securitisation have been utilized to repay high cost rupee debt, resulting in significant interest cost savings for RCom.
RCom is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
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