Unlimited mobile internet plans from Rcomm

Reliance Communication, today announced that it will launch unlimited internet plan at just Rs 99 per month for mobile users. It is the part of their plans to launch 3G services in India.  Reliance communication has bagged the 3G spectrum in 13 circles for Rs 8,585.04 crore including in the most coveted Delhi and Mumbai service areas.

Last week, India’s second-largest wireless carrier said it may sell a 26% stake to help pay debt and upgrade networks, valued at 94.8 billion rupees ($2 billion) to a strategic or private- equity investor.

On Monday, the company decided to separate tower business of its telecom arm Rcomm to create an independent firm, saying it was in advanced stage of talks for stake sale in the new entity.

Reliance communication today closed at Rs 185.80 down by 0.54% from its previous close. The stock hit a high of Rs 194.55 and a low of Rs 183.50 during the day.