Jio wins the bid to buy Rcom assets

Whats the story?

Soon after the RCom company owned by Anil Ambani declared about the proceedings to auction the assets, Reliance Jio has made a definitive agreement recently to acquire specified assets of RCom and its affiliates in an all-cash deal on Thursday. RCom said Jio had emerged as the highest bidder in a transparent process conducted under the supervision of a high-powered bid evaluation committee, comprising experts from banking, telecom and law.

Bid Value?

Market and banking circles attributed the deal size to be about Rs 24,000 crore, but neither companies confirmed this deal size. However, RCom said it would use the proceeds of the cash deal solely for prepayment of debt which is primarily weighed down by Rs45,000 crore of loans and the failed merger with Aircel.

What assets are sold?

"Jio or its nominees will acquire assets under four categories — towers, optic fibre cable network, spectrum and media convergence nodes (MCNs)—from RCom and its affiliates. These assets are strategic in nature and expected to contribute significantly to large-scale rollout of wireless and fibre-to-home services by the company." the telecom unit of Reliance Industries said in a media statement. RCom said, "comprises primarily of cash payment and includes transfer of deferred spectrum instalments payable to the telecom department (DoT)."

How RCom assets can help Jio?

Reliance Jio is in a track of gigantic growth. Though it has enough infrastructure to meet all requirements, the limit of strategic positioning of its assets is still in progress. Due to this, certain parts of the country are still struggling to cope with uniform and quality network signals. Owning the RCom assets would make this task of extending its wings more efficient, quick and fast. Occasional trolling in social media about insufficient network signal in certain parts has been a sort of embarrassment to Jio quality services. This moves are expected to reduce the dissatisfaction among the Jio users in less time.

Reliance jio subscriber base touches 160 Million

The latest entrant into telecom sector Reliance Jio has successfully bagged the 160 million subscriber base within a short span of just over a year. This news was revelaed by Akash Ambani during the 40th anniversary gathering of Reliance Jio in a glamorous and attractive event.

The major success factor of Reliance Jio in achieving such a great height in such a short time is attributed to its extremely aggressive business strategy. Lots of freebies at industry best quality in the initial periods attracted huge number of fans. Inspite of turning freebies into paid plans, majority of the subscriber base has continued to use Jio services which also include several high profile additional applications at free of cost.

As per the October data, Jio had a reach of about 146 million users and just within 2 to 2.5 months, this number has crawled upto 160 million. In an on-stage discussion with the Ambani twins, Akash and Isha, the 52-year-old actor Shah Rukh Khan mentioned that Jio now has 100 million subscribers. Akash corrected him, saying "160 million, SRK!", in turn prompting the 'Badshah of Bollywood' to take a dig at just how good the Ambanis were with numbers.

New Surprise Cashback Offer by Jio

As a new year bonanza, Reliance Jio has launched yet one more exciting offer to all its prime users. In this unbelievable offer, Jio promises various cashbacks up to 3300 INR with just a recharge of Rs 399 and above.

This offer resembles the previous "Triple Cash Back Offer", but promises much more than that. The basic gist of this offer revolves around obtaining various cashback schemes and coupons for users depending upon how they recharge the minimum of Rs399 or above plans.

So, what do we have in this offer?

Jio Prime customers can avail Surprise cashback of up to Rs 3,300 on every Recharge of Rs 399 or above done between 26th December 2017 to 15th January 2018. Well, the cashback is promised in three different categories:

1) Rs 400 Cashback in the form of Recharge Coupons provided immediately by Reliance Jio. As soon as a recharge is successful, Jio will add 8 coupons of Rs 50 denomination immediately into the account of the Jio number. These vouchers can be redeemed one at a time against any future recharges of Rs 309 and above plans, also on Rs 91 or above data add-ons done via Myjio app.

2) Second cashback upto Rs 300 is promised instantly. Note the word "Upto" here which indicates that not all the digital wallets offer full Rs 300 cashback. Below table is reference for knowing the amount of cashback promised against different digital wallets.

3) Third type of cashback is in the form of gift vouchers for various E-commerce players with which jio has made a partnership. On every recharge, Jio will randomly add gift vouchers worth Rs 2600 from any selected 3 e-commerce partners.

The following are the Jio ecommerce partners for the Surprise cashback offer:

a) Zoomcar: 20% OFF on Zoomcar upto ₹1,000

b) Oyo Rooms: 30% discount on OYO Hotel booking and 50% OYO Money cashback up to      ₹1,500

c) Paytm Mall: Cashback up to ₹2,000 on minimum purchase of ₹10,000 in Electronics

d) BigBasket: 20% off on a minimum purchase of ₹600

e) Grofers: Flat ₹300 cashback on order of ₹1500

f)  Yatra: ₹1,000 OFF on roundtrip and ₹500 OFF on one way on Domestic Flights.

It is worth to note that all the a user can have a maximum of 25 recharges on a given jio number at any given point of time including add-ons, top-up, plan recharges, ISD/IR packs. However, the maximum number of recharges of Rs 399 or above plans, during the offer period can be upto 5 recharges only per account.

As of the latest statement, the validity of e-commerce partner coupons is only until 31st March 2018. So, we suggest you plan to use them as soon as you get them.