HOME > BUSINESS > WATCH LIVE: Anil Ambani speaks at Reliance Communications AGM

WATCH LIVE: Anil Ambani speaks at Reliance Communications AGM

rcom-agmDays after elder brother Mukesh Ambani caused an earthquake in India’s telecom space with his speech at his company’s annual general meeting, younger brother Anil is all set to address his shareholders in a few moments.

Reliance Communications is holding its annual shareholder meeting in Mumbai today.

Ambani’s speech is to be preceded by an update on the operations by Gurdip Singh, who heads the telecom business for the company.

In his speech, Singh said India has entered the second stage of telecom revolution. While last year, the average smartphone consumed only 200 mb, in a couple of years, the number could go to 2 GB per phone.

“There will be 300 mln 4G users in two years from now,” Singh said.

He said 75% of Internet consumption happens indoors, and the company must gear up to face this challenge.

“To be successful in this era versus the voice era, you need to have the right spectrum that provides good indoor coverage,” Singh added.

RCom is aggressively tying up partnerships and mergers with others like MTS and Aircel in an attempt to build up a strong spectrum profile.

In addition, it has 800 MHz spectrum across the country. “This the only spectrum (at present) that can penetrate multiple walls in the building,” Singh said.

“Spectrum coupled with fiber will remain an unbeatable combination for RCom for years to come,” he added.

RCom has seen a decrease of millions in the number of active customers that the company has after it transitioned from CDMA technology to 4G LTE.

[iframe src=”https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2FRelianceMobile%2Fvideos%2Fvb.118795288168512%2F1075745212473510%2F%3Ftype%3D3&show_text=0&width=560″ width=”560″ height=”315″ style=”border:none;overflow:hidden” scrolling=”no” frameborder=”0″ allowTransparency=”true”]

If you have trouble viewing the video, click here.

Also see

“We stand together” – Anil Ambani on brother Mukesh

BONANZA – Idea Cellular slashes 4G data rate to Rs 51 per GB to compete with Airtel, Reliance Jio

 

Follow ULTRA.news
Reliance Jio offers phone for ‘free’, unlimited voice, data at Rs 153 Reliance Jio chairman Mukesh Ambani announced the JioPhone, which aims to bring smartphone features to the candybar form factor.The phone will be given to anyone if they deposit Rs 1500 with the company. The user will get the Rs 1500 back when the device is returned after 36 ...
WATCH HERE: Mukesh Ambani speech on Reliance Jio at AGM today Mukesh Ambani, chairman of Reliance Jio will make a 'significant announcement' about the 4G wireless service provider's offerings at 11 AM on Friday while delivering his annual speech at its parent's annual general meeting.A live webcast of Mukesh Ambani's speech at the AGM, a...
BSNL halves 2Mbps unlimited plan to Rs 599 from 1,199 Faced with a slowdown due to the emergence of the pan-India competitor Reliance Jio, state-owned Bharat Sanchar Nigam Ltd has halved the price of its unlimited 2 Mbps DSL broadband plan to 599 per month.BSNL NEW UNLIMITED BROADBAND PLANThe player was earlier offering unl...
Spectranet overtakes Airtel Broadband on Netflix speed ranking for India Netflix, the world's biggest distributor of movies, ranked Mumbai-based 7 Star cable network and Spectranet, which offers fiber broadband in several cities, as the fastest networks for prime time usage.The average speed available to Netflix was 2.77 Mbps on 7 Star cable and 2...
With tariff change, Idea Cellular 4G data now cheaper than Reliance Jio Idea 4G tariff planWith Reliance Jio raising the price of its 1GB-per-day pack from Rs 309 to Rs 399, Idea Cellular has managed to beat the new operator in this segment, though not by much.Idea Cellular offers 1GB/day for 84 days at Rs 397, making it cheaper by 2 rupees....
Reliance Jio users should recharge with new plans by Friday for continued service Most Reliance Jio 4G users have to recharge their phones by Friday, July 14 to continue uninterrupted service.This because the current offer -- Summer Surprise or Dhan Dhana Dhan -- came into effect on April 16, and will complete 90 days by Friday.The Summer Surprise pla...
LAST CHANCE: Reliance Jio’s Dhan Dhana Dhan offer ends today Today marks the last day of telecom operator Reliance Jio's Dhan Dhana Dhan promotional offer that triples the validity of 4G recharges on its platform.The offer was unveiled as a promotional scheme on April 11, and according to the law, promotional schemes can be valid only ...
RCom says telcos facing cash flow issues due to ‘go slow’ approach by banks Telecom operator Reliance Communications said companies in the sector are facing cash flow issues due to what it called a 'go slow' approach taken by banks in disbursing loans.In an update on its 'standstill agreement' with its lenders, which provides it a window of seven mon...
RCom launches VPN services over 4G Reliance Communications launched a virtual private network service over its 4G service for the use of businesses.VPNs use software to create a virtual tunnel between two or more end points on the Internet.Since these are not a real private networks -- which would require ...
Reliance Jio to offer 5 GB/day for Rs 999 per month Users of the JioFi, the personal hotspot device from Reliance Jio, will be able to get a new plan that takes the free data offered per day to 5 GB.At present, the highest amount of free data that any user on the 4G service can get is 2 GB, for a payment of around Rs 500 for 2...
Vodafone India offers unlimited downloading for 5 hours at Rs 29 Taking a leaf from new entrant Reliance Jio's playbook, Vodafone India has announced a 'truly unlimited' five-hour data pack for Rs 29.The pack, called Vodafone SuperNight, will work between 1 AM and 6 AM and is open for prepaid customers only. It will work on both 3G and 4G...
RIL stock up as Reliance Jio proves doubters wrong, avoids an April dip in subscribers Shares of Reliance Industries rose 3.5% today -- an extraordinary move for such a large company -- after it emerged that not only did the company not lose subscribers when it made the transition from free to paid services in April, it actually added a few million.The result ...
Reliance Jio launches extra data offer on some LYF handsets Reliance Jio, the 4G operator is now offering 20% extra data to those who are using its services using a LYF branded handset.Jio offers 20% extra data on certain LYF modelsIn other words, if you are eligible to get 1 GB of data per day, you will get 1.2 GB per day on a L...
RCom ‘respectfully disagrees’ with Fitch and Moody’s on its credit rating Anil Ambani-led Reliance Communications said it disagrees with the decision of agencies Moody's and Fitch to downgrade the company's credit rating based on its 'standstill agreement' with its lenders.Shares of RCom fell 4% to Rs 19.30 on the National Stock Exchange today ...
Sun TV could benefit from RCom’s financial troubles Newer equipment from Reliance Digital TV come with Chois HD 4K brandingSun Direct, the DTH arm of Sun TV, could end up benefiting from the financial troubles faced by Anil Ambani Group's Reliance Communications.Speaking to media yesterday, Reliance Communications top hon...
RCom formally assures lenders it will pay Rs 25,000 cr in four months Anil Ambani Group's telecom arm Reliance Communications said it has 'formally' communicated to its lenders that it will pay an amount of Rs 25,000 cr to them on or before Sept 30.The latest statement from the telecom operator comes as a way of reassuring investors and lenders...
RCom says looking to refinance various payments till September Anil Ambani Group's Reliance Communications said it was in talks with its lenders and partners to put off some of the instalment payments that the company had to pay until the completion of its merger with Sistema Shyam Teleservices and Aircel Cellular by September this year....
Bharti Airtel to offer cheap 4G plans for all dongle users – report With new operator Reliance Jio snapping at its heels, incumbent Bharti Airtel has decided to slash its data prices for everyone with the introduction of new 4G dongle plans, Telecom Talk blog reported quoting unnamed sources.At present, Bharti Airtel does not offer any plan t...
Reliance Jio puts more 4G spectrum to use to increase speeds Reliance Jio, the 4G operator that has taken the market by storm, has deployed the extra spectrum that it bought last year, increasing the total spectrum in use in most markets by 20-25%.In most circles, Jio is operating with about 40-50 MHz of spectrum, and with the new sp...
4,196 villages lose Idea Cellular 2G signal as 876 towers taken offline Idea's tower growth, by technologyIdea Cellular, India's third largest telecom operator by revenue, reported a shrinkage in the area and population covered by its 2G network.The number of villages covered by Idea's 2G signals decreased by 4,196 to 3.89 lakh by March end ...
Bharti Airtel to start refarming 2G spectrum for 4G this year India's largest telecom services company by revenue and spectrum holding, Bharti Airtel, will start diverting its 2G spectrum to add to its 4G network in the second half of the ongoing financial year, the company's CEO said.The move will help increase 4G capacity of the o...
Idea Cellular to spend Rs 6,000 cr on VoLTE, expansion of 4G & 3G this year Idea Cellular, the telecom company controlled by the Aditya Birla group, said it will spend Rs 6,000 cr to expand its 3G and 4G services in the current financial year.Idea tower additions per yearThe planned investment of Rs 6,000 cr has been "earmarked for expanding bro...
Govt yet to decide on 700 MHz spectrum for BSNL Relative cell sizes | source:DoJ, US GovGovernment of India is yet to say 'no' to a request by Bharat Sanchar Nigam Ltd for the allocation of one block of spectrum in the precious 700 MHz band to enable it to launch 4G services in rural areas.The company had sought one b...
BSNL increases 3G data allocation for most prepaid recharges BSNL's new 3G plansReacting to falling usage of data on its network, Bharat Sanchar Nigam Ltd has increased the data available on its recharges, and introduced a daily data scheme priced at Rs 3099 for 90 days.The operator had, on Apr 1, doubled the data available on mo...
RCom shareholders approve Aircel merger The shareholders of Reliance Communications approved the demerger of the wireless operations of the company into Aircel Limited and Dishnet Wireless Limited, the Anil Ambani Group company said.The Scheme was also approved at a meeting called on the directions of the National ...