Vinod Sawhny resigns as Reliance Communications CEO ahead of Aircel merger looms

rcomReliance Communications said its CEO Vinod Sawhny resigned  with immediate effect for personal reasons.

“We wish to inform you that the Company has accepted request of Mr. Vinod Sawhny to step down as Chief Executive Officer of the Company with effect from September 30, 2016 to enable him and his family to relocate to New Delhi for personal reasons,” the company said.

“Mr. William (Bill) Barney and Mr. Gurdeep Singh, who are already working with the Company, will function as acting Co-CEOs of the Company with immediate effect,” it added.

Sawhney was brought in from rival Bharti Airtel as an experienced hand to guide the company’s move into value added telecom services such as Cloud Infrastructure and so on.

His departure comes in the wake of drastic changes in the way RCom is structured.

The company has already effected a merger with MTS and is in the process of merging again with Maxis Communications’ Aircel. RCom is controlled by Anil Ambani, whereas MTS was controlled by Russia-based Sistema. After the merger of RCom with MTS, the shareholders of RCom had seen their holding in the company come down to 90%.

Maxis will control 50% of the final RCom-MTS-Aircel entity.

The composition of the final board is not clear. Neither is it clear whether Maxis will bring in their own man to head the combined entity.

However, given Sawhney’s exit and his replacement by two co-CEOs, there is a chance that an entirely new candidate could be hired to head the company after the merger.

In his recent AGM speech, chairman of Reliance Communications Anil Ambani had said that his group had managed a virtual merger of the telecom entity with RIL’s Reliance Jio Infocomm.



Reliance Jio now allowing unlimited night downloads under Happy New Year plan Reliance Jio is now allowing its users to download an unlimited quantum of data at night under its Happy New Year offer.This is different from the earlier practice of allowing users to consume only 4GB of data per 24 hours.With this new feature, subscribers can download or consume 30 GB or 40 GB or even more data between 2 am and 5 am without aff...
How to overcome Reliance Jio’s 1GB limit by timing your downloads According to our tests, it is possible to download more than 1 GB using a single Reliance Jio connection using the Happy New Year offer.According to our tests, there is no limit on the number of GBs that can be downloaded under the Happy New Year offer between 2 AM and 5 AM.In our tests, we have been able to download over 40 GB in one night, without ...
Vodafone halves 4G data prices: 4 GB at 255 | 22 GB for 999 Vodafone has halved data prices, six months after cutting them by about 40%.Under the new 4G tariff announced today, customers will get 4 GB of data for Rs 250 and 22 GB for Rs 999.These are roughly half of the prevailing data rates in the market.The current data price in the market is 2 GB for Rs 250 and 10 GB for Rs 999.Vodafone is also off...
1GB LIMIT: Reliance Jio starts restoring full speed at end of day Reliance Jio, India's largest provider of wireless data, has modified its bandwidth limitation policy to restore full speed for the subscriber under its Happy New Year offer the next day.So far, a 4G subscriber who crossed the daily FUP limit of 4GB or 1GB had to wait for exactly 24 hours for Jio to lift the speed limits.Under the new policy, he ...
N Ganapathy Subramaniam appointed new TCS COO COO N Ganapathy SubramanianTata Consultancy Services said it made two appointments in the wake of the departure of Chief Executive officer N Chandrasekaran: N. Ganapathy Subramaniam, elder brother of outgoing CEO Chandrasekaran, has been appointed as the chief operating officer, and former chief financial officer Rajesh Gopinathan has been elevated to t...
SUPERHOUR: The SECRET behind Vodafone’s Rs 16 offer It is no secret that India's second biggest telecom operator by revenue -- Vodafone -- is under threat from a rapidly growing No 3 -- Idea Cellular -- and an aggressive newcomer -- Reliance Jio.Though Idea is still behind the British firm when it comes to total revenue, Idea has already overtaken Vodafone as far as the data business is concerned, acc...
Reliance Communications sells its towers to Brookfield for $1.6 bln Reliance Communications Ltd announced the signing of binding agreements with Brookfield Infrastructure for the sale of nationwide tower assets to Brookfield Infrastructure Partners LP and its institutional partners.RCOM will receive an upfront cash payment of Rs. 11,000 crore (US$ 1.6 billion).RCOM will also receive Class B non-voting shares in t...
Fitch downgrades Anil Ambani’s Reliance Communications over Aircel merger Fitch Ratings has downgraded India-based Reliance Communications Limited's long-term rating to 'B+' from 'BB-'."It is our view that Rcom's plans to demerge its wireless business into a 50:50 joint-venture and sell 51% of its tower business, Reliance Infratel Ltd (Infratel), will be negative for Rcom's creditors, even if receipts from the tower transactio...
CRASH: Bharti Airtel offers 6 GB at Rs 147 per month Hit by competition from Reliance Jio, Bharti Airtel, India's largest telecom company, is offering a whopping 6 GB of 4G data for Rs 147 with a validity of 28 days.The offer is being rolled out only to prepaid users, and can be seen only in the 'only for you' deals section of Airtel's recharge app or website. As it is a targeted offer, it may not be ava...
BSNL matches Airtel, Idea with 339 unlimited voice + 1GB offer Bharat Sanchar Nigam Ltd has unveiled a new unlimited call plan, matching bigger rivals such as Idea Cellular and Bharti Airtel.While Airtel and Idea offer unlimited calls to any network in India plus 1 GB of 4G data for Rs 345, BSNL is doing so with a new recharge of Rs 339. In addition, BSNL's offer is valid for all customers whether they use 2G, 3...
BSNL to launch Gigafiber plans, slash FTTH tariff to counter Reliance Jio BSNL CMD interacting with consumersState-owned Bharat Sanchar Nigam Ltd will launch Gigafiber plans with speeds of over 1,000 Mbps to counter the threat from players like Reliance Jio, the head of the organisation said today."We have a similar strategy and soon we are going to come up with Gigabit OFC connection to customers in select locations," BS...
Tata DoCoMo cuts 3G price to Rs 40/GB under unlimited call plan Following its Rs 300 plan to give 2 GB of data and unlimited calls to any network in India, Tata DoCoMo has now unveiled a new plan that adds 3 GB more at an extra cost of Rs 50.The pack offers five times as much data for Rs 350 as is given by competitors like Bharti Airtel and Idea Cellular.The new plan, currently being tested via an invite system, ...
Is Reliance Jio DTH launching today? No, say sources It was supposed to destroy the competition and unleash a new era in TV watching, but Reliance Jio's DTH service has so far failed to turn up on the rumored launch date of Dec 15.As we had predicted last month, the company had no plans of launching any DTH service, and did not tie up with any satellite provider for leasing transponder capacity. Our checks...
Aircel makes CALLS, DATA FREE at Rs 249 per month Aircel today started offering unlimited calls to any number in the country under two special recharge plans -- Rs 12 for one day and Rs 249 for 28 days.RC12 offers customers with Unlimited Local and STD calling across all networks with a validity of one day.Unlike earlier packs, the calls are not restricted to other Aircel users.However, it remai...
Airtel halves 4G data price to Rs 495/10GB; offers freebies to take on Reliance Jio Bharti Airtel cuts 4G data prices by halfOver the last two days, Bharti Airtel has quietly slashed its 4G pack prices to unprecedented levels in reaction to upcoming plans from Reliance Jio.According to the new data plans available to anyone who recharges using Airtel's online or app facility, the price of 10 GB of 4G data pack has been brought down...