Anil Ambani's struggling telecom operations received a bail-out from elder brother Mukesh's Reliance Jio as the siblings announced a wide-ranging, but expected, deal for spectrum, towers and optic fibre assets on their father's birthday.
Anil's Reliance Communications (R-Com) said it had signed "definitive binding agreements" with Mukesh's Reliance Jio Infocomm Ltd (RJio) for the sale of wireless spectrum, tower, fibre and media convergence node (MCN) assets. It was told that these assets are strategic in nature that will help Jio to expand its wireless, fiber to home and enterprise services.
The transaction, subject to approval from lenders and other authorities, is expected to be completed in a phased manner between January and March 2018. "Timing could be questionable: I mean, Jio does not need spectrum right now - they have enough for at least the next two years - but they must be thinking long term".
"An asset monetisation process for RCom assets was mandated by the lenders of RCom, who appointed SBI Capital Markets to run the process", the Jio release said. "The company will utilise the proceeds of the monetisation of this cash deal exclusively for pre-payment of debt to its lenders", RCom said.
The company will reduce debt by monetizing its wireless business and selling land parcels at Dhirubhai Ambani Knowledge City (DAKC), Chairman Anil Ambani said in a press conference. Reliance Communications is promoted by Anil Ambani. As of June, Reliance Jio ranked fourth in overall market share (10.2% against Bharti Airtel Ltd's 23.5%), but it led in internet subscribers (28.6% versus Airtel's 21.9%). The company's recent struggles to stay afloat are in sharp contrast to its heyday in 2010, when it was India's second largest mobile operator.
Moore denied the accusations and said in the lawsuit that he had passed a polygraph test to prove they are false. Moore, flatly declared: "I have not seen any irregularities or any inconsistencies that are outside the norm".
The Giants suspended former Ohio State cornerback Eli Apple on Wednesday for "conduct detrimental to the team ". Last week, Collins told ESPN Radio that Apple had to "grow up" and was not willing to serve as Apple's mentor.
Existing burgundy passports will continue to be valid until they expire. "In the 2016 referendum, we wanted our passports back". The famous "old blue" was first issued in 1920 after the League of Nations agreed to standardise passports.
Plummer insisted that the tablets were for her Egyptian partner, who required the painkillers for his chronic back pain. Laura, from Hull, was held on October 9 as she flew into Red Sea resort Hurghada for a trip to see Omar.
After discovering the bill, Horomanski had her son call Penelec, Horomanski's electric supplier, for an explanation. She thought maybe her Christmas lights had done something wacky because her bill was more than $284 billion .
It is legal in the United Kingdom but a banned drug in Egypt and anyone caught with it can face criminal charges. The family has previously said Plummer had no idea that what she was doing was illegal and she was just "daft".
They said the notice disappointed some software makers, especially US -based publishers that often produce data-heavy games. Super Mario Odyssey , Splatoon 2 , and ARMS are all games that take 2 to 8GB of internal memory in the Nintendo Switch .
WhatsApp recently rolled out several new features , like delete messages , picture-in-picture feature , etc. for both platforms. The company also mentioned that the older operating systems don't offer the capabilities it needs to expand its capabilities.
The average daily gas price in the Detroit area is $2.62, representing a 22-cent increase from previous year . In Rhode Island, gas is up 11 percent from past year , when it was averaging $2.28 per gallon in the state.
WattUp is platform-agnostic, meaning you could theoretically buy a charger for any phone, regardless of who makes the device. The technology can also be used to charge devices via contact, similar the more familiar Qi charging pads available now.
Rosen has reportedly expressed concern about landing in Cleveland, which takes its 0-14 record to Chicago on Sunday. It's nearly certain that the Browns will take a quarterback with their top pick, which will likely be the No. 1.
Jai Ram Thakur takes oath as Himachal CM
The cabinet is complete as all 12 berths have been filled while two MLAs would be accommodated as speaker and deputy speaker. He is followed by five-time MLA and former minister, Mohinder Singh (Rs 15.38 crore) and Krishan Kapoor (Rs 7.99 crore).
Obama beats Trump in America's Most Admired Man poll
Other men on the list include Pope Francis, John McCain, Elon Musk, Bernie Sanders, Bill Gates, Mike Pence, and The Dalai Lama. Barack Obama claimed the honor for the 10th year in a row while Clinton retained her title for the 16th year in a row.
Tax Prepayment Information for Property Owners
As of Friday, 350 people had showed up to the office of McHenry County Treasurer Glenda Miller to pay their property taxes early. It appears the tax bill writers made a technical mistake, and it's unclear whether they will correct it.
Dreaming of a white Christmas Eve in Southern Indiana
As if the blowing and drifting snow wasn't enough from that wind, bitterly cold wind chills will be settling in as well. Winds today will turn to the West at 15-25 miles per hour at times gusting to 35 miles per hour .