Subsequently, the older Ambani re-entered the telecom sector by buying a company that had acquired pan-India 4G airwaves in an auction. RCom then ran a pilot offering 4G data dongles worth Rs 3,999 at Rs 899 in April this year. (DoT) over 10 years for spectrum purchases, will be transferred to the merged entity. In addition, the company hopes to retire more than Rs 16,000 crore through the sale of its tower assets. Ambani said RCom will announce the sale of its tower assets in the ‘coming weeks’.

Source: Economic Times September 27, 2016 19:41 UTC