Tag: Reliance Communication

  • Sporshita Goswami shifts from fundraising to marketing at EAAA Alternatives

    Sporshita Goswami shifts from fundraising to marketing at EAAA Alternatives

    MUMBAI: Sporshita Goswami has joined EAAA Alternatives as director, marketing and communications, returning to pure-play communications after a stint straddling fundraising and PR at Modulus Alternatives Investment Managers.

    The October 2025 appointment marks a homecoming of sorts for Goswami, who spent the bulk of her career in public relations before moving into investor relations. At Modulus, where she spent two years and five months, she married her media savvy with capital-raising, pitching private credit opportunities whilst managing stakeholder communications.

    Before Modulus, Goswami logged nearly five years in group corporate communications at L&T Financial Services, handling messaging for the diversified financial conglomerate. That role followed a four-and-a-half-year stretch as associate director at Perfect Relations, the Mumbai PR shop, where she managed high-stakes client relationships across sectors.

    Her career foundations were laid at Adfactors PR, where she spent two and a half years generating story ideas, managing IPO communications and orchestrating product launches. She later moved through MSLGROUP and a brief independent consultancy before landing at Reliance Communications as manager, corporate communications.

    Goswami’s pitch is simple: the skills that win media coverage—narrative crafting, relationship building, market intelligence—translate seamlessly to wooing limited partners. Understanding what journalists want isn’t far from decoding what investors demand. Both require trust, transparency and knowing your audience cold.

    At EAAA Alternatives, she’ll deploy that crossover expertise in India’s increasingly crowded alternative investment space. The private credit market is heating up, capital is getting pickier, and everyone’s fighting for the same pool of sophisticated money. Goswami’s bet: the firms that tell the best stories will win the biggest cheques

  • Jio, Airtel add millions of mobile subscribers in June: TRAI

    Jio, Airtel add millions of mobile subscribers in June: TRAI

    Mumbai: Reliance Jio and Bharti Airtel (including Tata Teleservices) added 5.4 million and 3.8 million mobile subscribers whereas Vodafone Idea lost 4.2 million subscribers, according to the latest subscription data shared by the Telecom Regulatory Authority of India (TRAI). Reliance Communications added 917 subscribers growing its subscriber base by 10 per cent, it showed.

    Total wireless subscribers increased from 1176.84 million to 1180.83 million at a monthly growth rate of 0.34 per cent. The number of active wireless subscribers stood at 984.79 million. Bharti Airtel had the maximum proportion of active subscribers at 343.71 million. Jio had 340.34 million and Vodafone Idea had 241.71 million active subscribers. Excluding Himachal Pradesh and Karnataka, all service areas showed growth in wireless subscribers for the period.

    The number of telephone subscribers increased from 1198.50 million to 1202.57 million. Urban telephone subscriptions increased from 661.18 million to 666.10 million. However, rural telephone subscriptions decreased from 537.52 million to 536.47 million. The overall teledensity increased from 87.84 per cent to 88.07 per cent. The wireless teledensity increased from 86.25 per cent to 86.48 per cent, the data showed.

    As per reports received from 440 operators in the month of June, the number of broadband subscribers increased from 780.27 million to 792.78 million. The top five service providers constituted 98.77 per cent market share of the total broadband subscribers. These service providers were Reliance Jio (439.91 million), Bharti Airtel (197.14 million), Vodafone Idea (121.42 million), BSNL (22.69 million), and Atria Convergence (1.91 million).

    The top five wired broadband service providers were BSNL (6.03 million), Bharti Airtel (3.37 million), Reliance Jio Infocomm (3.22 million), Atria Convergence Technologies (1.91 million), and Hathway Cable & Datacom (1.06 million).

    The top five wireless broadband subscribers were Reliance Jio Infocomm (436.69 million), Bharti Airtel (193.74 million), Vodafone Idea (121.41 million), BSNL (16.67 million), and Tikona Infinet (0.31 million).

    Wireline subscribers increased from 20.36 million to 21.66 million. The overall wireline teledensity increased from 1.49 per cent to 1.59 per cent. BSNL and MTNL held 48.72 per cent of the wireline market. BSNL added 1.1 million new wireline subscribers whereas Reliance Jio 0.1 million new wireline subscribers at the end of June.  

  • Apex Court permits Reliance Communication to sell its assets to Reliance Jio

    Apex Court permits Reliance Communication to sell its assets to Reliance Jio

    MUMBAI: The Apex court had recently permitted Reliance Communications Ltd to sell its assets to Reliance Jio Infocomm Ltd.  On Friday, the Supreme Court cleared a settlement between RCom and the Indian unit of Swedish telecom equipment maker Ericsson AB, making it easier for the sale of the telecom operator’s assets.

    According to a report on Mint, the judgement regarding the sale of assets was delivered by a two-judge bench headed by justice R.F. Nariman. The bench directed Reliance Communications to pay Rs 550 crore to Ericsson by 1 October and asked RCom chairman Anil Ambani to give an undertaking to this effect. On 1 October, the apex court will also hear RCom’s plea to close the insolvency case. Bloomberg reports that Ericsson has objected to the settlement terms of the insolvency case.

    The report further notes that that the sale of RCom’s assets will reduce the lenders’ exposure by 50 per cent and it owes about Rs 42,000 crore to its lenders. As part of the deal, Reliance Jio will get 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands. It will also get 43,000 towers and 1,78,000 RKM (route km) of fiber and 248 media convergence nodes that will cover five million square feet.

    Earlier in 2014, Ericsson had signed a seven-year deal with RCom to operate and manage its nationwide telecom network. The Indian unit Swedish telecom operator has stated that it has not been paid over Rs 1,000 crore. Earlier It has claimed outstanding dues of Rs 16,000 crore but settled for Rs 550 crore. The sale of Reliance Communications’ telecom assets to Reliance Jio is pegged at Rs 25,000 crore and the sale is expected to complete within the next three weeks.

    At the end of the deal, Reliance Jio will get more telecom assets to expand its wired and wireless business in the country. It will mainly help with Jio’s impending commercial availability of Reliance Jio GigaFiber service.