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In boost to RCOM, Supreme Court clears decks for sale of assets (Lead)
New Delhi, April 5 (IANS) In a relief to Reliance Communications (RCOM), the Supreme Court on Thursday cleared the decks for the sale of its assets, including spectrum, to Reliance Jio Infocomm as it vacated a stay granted by the High Court.
RCOM can also part with its assets involving media convergence network (MCN) and real estate.
The bench comprising Justice Adarsh Kumar Goel and Justice Rohinton Fali Nariman set-aside the stay by the Bombay High Court, which had re-affirmed a restriction by the arbitration tribunal on sale of spectrum and optical fibre assets of the company.
However, on the stay granted by the National Company Law Tribunal in Kolkata on the sale of towers by Reliance Infratel, the top court has asked the National Company Law Appellate Tribunal (NCLAT) to decide the matter in four weeks.
RCOM’s plea challenging the stay by the High Court was supported by the consortium of banks headed by the State Bank of India, which had contended that the sale of spectrum and optical fibre assets would get them Rs 25,000 crore — part of Rs 45,000 crore that they are owed by RCOM.
In a statement, RCOM said: “There is now no bar in immediately completing the asset sales of spectrum, MCNs and real estate, and the same shall be concluded expeditiously.”
It added: “On the stay granted by NCLT in favour of minority investors holding approximately four per cent shareholding in Reliance Infratel, which is limited to tower and fibre assets, the Supreme Court has not made any comments on merits, and has instead only directed RCOM and its lenders to follow due procedure, and file an appeal before the NCLAT, instead of directly approaching the Supreme Court.”
The company said it is confident of securing appropriate relief from the NCLAT to enable the sale of its tower and fibre assets at the earliest.
“The claim of the minority investors (which is fully disputed by RCOM) can, in any case, be a maximum of approximately Rs 200-300 crore from the sales proceeds. RCOM intends filing the aforesaid appeal before NCLAT tomorrow (Friday), with a request for expeditious disposal of the same.”
Based on these developments, RCOM says it is now confident of achieving overall debt reduction of around Rs 25,000 crore within the next few weeks, from the first phase of the asset monetisation programme as detailed in the media release issued on December 26, 2017.
–IANS
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International online casino Casino Days has published a report sharing their internal data on what types and brands of devices are used to play on the platform by users from the South Asian region.
Such aggregate data analyses allow the operator to optimise their website for the brands and models of devices people are actually using.
The insights gained through the research also help Casino Days tailor their services based on the better understanding of their clients and their needs.
Desktops and Tablets Lose the Battle vs Mobile
The primary data samples analysed by Casino Days reveal that mobile connections dominate the market in South Asia and are responsible for a whopping 96.6% of gaming sessions, while computers and tablets have negligible shares of 2.9% and 0.5% respectively.
The authors of the study point out that historically, playing online casino was exclusively done on computers, and attribute thе major shift to mobile that has unfolded over time to the wide spread of cheaper smartphones and mobile data plans in South Asia.
“Some of the reasons behind this massive difference in device type are affordability, technical advantages, as well as cheaper and more obtainable internet plans for mobiles than those for computers,” the researchers comment.
Xiaomi and Vivo Outperform Samsung, Apple Way Down in Rankings
Chinese brands Xiaomi and Vivo were used by 21.9% and 20.79% of Casino Days players from South Asia respectively, and together with the positioned in third place with a 18.1% share South Korean brand Samsung dominate the market among real money gamers in the region.
Cupertino, California-based Apple is way down in seventh with a user share of just 2.29%, overshadowed by Chinese brands Realme (11.43%), OPPO (11.23%), and OnePlus (4.07%).
Huawei is at the very bottom of the chart with a tiny share just below the single percent mark, trailing behind mobile devices by Motorola, Google, and Infinix.
The data on actual phone usage provided by Casino Days, even though limited to the gaming parts of the population of South Asia, paints a different picture from global statistics on smartphone shipments by vendors.
Apple and Samsung have been sharing the worldwide lead for over a decade, while current regional leader Xiaomi secured their third position globally just a couple of years ago.
Striking Android Dominance among South Asian Real Money Gaming Communities
The shifted market share patterns of the world’s top smartphone brands in South Asia observed by the Casino Days research paper reveal a striking dominance of Android devices at the expense of iOS-powered phones.
On the global level, Android enjoys a comfortable lead with a sizable 68.79% share which grows to nearly 79% when we look at the whole continent of Asia. The data on South Asian real money gaming communities suggests that Android’s dominance grows even higher and is north of the 90% mark.
Among the major factors behind these figures, the authors of the study point to the relative affordability of and greater availability of Android devices in the region, especially when manufactured locally in countries like India and Vietnam.
“And, with influencers and tech reviews putting emphasis on Android devices, the choice of mobile phone brand and OS becomes easy; Android has a much wider range of products and caters to the Asian online casino market in ways that Apple can’t due to technical limitations,” the researchers add.
The far better integration achieved by Google Pay compared to its counterpart Apple Pay has also played a crucial role in shaping the existing smartphone market trends.
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