RCom plans to issue shares to lenders in lieu of debt

RCom plans to issue shares to lenders in lieu of debt

Other 84GB plans include Rs 293 plan that offers unlimited local, STD calls on Airtels' network, and a Rs 449 with that gives and unlimited local and STD calls. The teaser confirms that the users will get unlimited calls, texts, and data offers with this Rs 299 rental plan. Vodafone Rs 346 plan Soon after Jio and Airtel started the tariff war, Vodafone joined in with Rs 346 recharge plan that provides 1GB 4G data per day, bundled calls to any network (300 free minutes per day, 1,200 per week) with 56-day validity. Keeping up with the current trend of offer fever, the company took to Twitter and said,"Reliance Mobile introduces the lowest rates ever!"

Anil Ambani, Chairman of Reliance Communications. All the RCom subscribers can avail the offer. The company also unveiled new prepaid and postpaid data plans starting at Rs 349 and Rs 399 respectively. But, it has also tied up with cab service provider app Ola and food deliviery app Zomato to offer discounts. Reliance Communications have reported tumbled share and bonds in May this year, and Anil Ambani has indirectly blamed Mukesh Ambani-led firm Reliance Jio for offering "freebies". Offers for the Wi-Pod dongle was pegged at Rs 3,200 for 365 days of validity.

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. However, there is still no word on the validity period, daily FUP limits for data and other details regarding the supported voice calls (local or STD or both).

Meanwhile, Reliance Jio is all set to launch its highly-anticipated Jio Phone with registrations expected to go live from August 24 onwards. Earlier, RCom Merged its wireless business with Aircel while it has received 99.99% shareholders.

Some are seeing RCom's offer as a counter to Reliance Jio's Dhan Dhana Dhan offer, which offers 1 GB of free 4G data per day and unlimited calls and SMS for 56 days for Rs 309.