Reliance Jio Infocomm Limited (RJIL) has decided to merge its two subsidiaries Infotel Telecom and Rancore Technologies with itself to streamline its telecom business before it launches services in 2015. While RJIL holds a unified license, Infotel Telecom has long-distance telephony licenses and Rancore Technologies is a research and development unit.
The merger will enable RJIL to carry out its national and international long-distance business under a single license.
Infotel Telecom had earlier received the company court?s approval for the merger and now it has sought the Department of Telecommunications? (DoT) approval for the same. The DoT has sought details on Indian and foreign equity held in the company and minimum paid-up capital from RJIL. Further, DoT has suggested that the proposal should also be considered by Telecom Ministry?s Wireless Planning & Coordination (WPC) wing as RJIL holds 20 MHz of Broadband Wireless Access spectrum across all 22 circles.
