Published: Fri, August 11, 2017
Electronics | By Jesus Weaver

RCom plans to issue shares to lenders in lieu of debt

RCom plans to issue shares to lenders in lieu of debt

So, for to relief from the struggle and to competate with the other domestic telecom operations RCom launches unlimited calls data in a monthly rental plan.

According to NDTV report, the Rs 299 plan will offer unlimited calls, texts, and data.

The company announced the all-new rental plan in a tweet on Wednesday. The company is led by Anil Ambani and recently reported a loss of Rs 948 crore for the Q4, 2017, mainly due to the free calls and data provided by Jio. Rcom Subscriber can go to Eshop.com to get a new offer.

To compete with the new Rs 399 Jio Dhan Dhana Dhan Offer, Bharti Airtel also came up with its own Rs 399 prepaid plan, offering the same 1GB data per day with 84-day validity. The company announced the new rental plan of Rs 299 via a tweet. The company has also introduced Wi-Pod dongle worth Rs. 3,200 where it offered 365 days of validity.

Coming to Vodafone, the company has a Rs 445 plan for students, which comes with 84 days of validity, along with discounts for Ola, Zomato, etc.

Data war in India has become intense thanks to the entry of Reliance Jio. Vodafone's First Recharge Coupon (FRC) plan at Rs 244 offers 70 GB data for customers at 1GB data per day, unlimited local and STD calls within Vodafone network.

The Jio effect has forced other incumbent players like Airtel, Vodafone, and Idea Cellular to offer competitive plans in order to stay in the spotlight and retain their share in the telecom market.

A few weeks back RCom had announced other interesting offers, which included offering 4G SIM and 1GB per day data benefit at Rs. 5,199 to the dongle buyers. Under this deal, the interested subscriber will get a 4G SIM and 1 GB data per day in Rs 500 per month. Earlier, RCom Merged its wireless business with Aircel while it has received 99.99% shareholders.

The Jio Phone also offers JioChat, JioCinema, JioMusic and more for free, besides the ability to mirror exclusive Jio content on any TV via the JioPhone TV cable with the Rs. 309 plan.

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