RCom resolution may hit a bump
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Resolution applicants Reliance Jio Infocomm and UV Asset Reconstruction Co. Ltd (UVARCL) may want to seek indemnity from any investigative proceedings into these companies, said the people cited above.
The latest allegations come a year after a forensic audit unearthed questionable transactions worth ₹5,500 crore in the three Anil Ambani-led Reliance Group entities.
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Reliance Communications (RCom) may hit another hurdle with State Bank of India, Union Bank of India and
Indian Overseas Bank classifying the accounts of the telco and its units Reliance Telecom and Reliance Infratel as fraudulent last week, said people with the knowledge of the matter. The lenders are now looking to initiate a deeper probe, said one of the persons.
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Updated Dec 24, 2020 | 12:18 IST
Reliance Jio saw second highest addition of new mobile subscribers in October at 2.22 million. Jio s total wireless customer base stood at 406.35 million in October. Representational image
New Delhi: Bharti Airtel outpaced Mukesh Ambani-controlled Reliance Jio in mobile subscriber addition for the second month in a row in October 2020. According to a report published by telecom regulator Trai on Wednesday the Sunil Bharti Mittal-led company added 3.67 million new customers in October, taking its total wireless customer base to 330.28 million. In September, it had regained the leadership position in subscriber addition after a gap of four years.
Reliance Jio saw second highest addition of new mobile subscribers in October at 2.22 million. Jio s total wireless customer base stood at 406.35 million in October.
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