Mukesh and Anil Ambani to launch 4G mobile services
Q. Which two industrialist brothers have decided to join forces to launch 4G mobile phone services signalling consolidation in the Indian telecom market?- Published on 02 Oct 15a. Birlas
b. Ambanis
c. Mahindras
d. Goenkas
ANSWER: Ambanis
Mukesh and Anil Ambani have made the decision to launch 4G mobile phone services by the end of the year, which is a virtual consolidation. RCom chairman Anil Ambani said he will be tying up trading and sharing of spectrum with Mukesh Ambani led Reliance Jio for 4G services. RCom is the 4th biggest mobile phone carrier in terms of subscribers. Talks are on between RCom and Sistema’s Indian unit for a possible merger. RIL shared gained 2.5% to close at INR 860 while RCom shares gained 6% to close at INR 68. Collaboration between the Ambani brothers commenced in 2013 after a mutual split in 2005. RJio has made the decision to share RCom’s extensive inter and within city infrastructure of 520,000 km of optic fibres and close to 45,000 towers. RCom was launched in 2002 at Reliance Infocomm under a consolidated Reliance empire. The Ambani brothers are set to launch 4G bundled voice and data services in the second largest market in the world as per customers.
