Reliance Communications (RCom) has come up with yet another attractive plan, but this time for prepaid customers. RCom has unveiled a plan of Rs. 193, where the company is offering 1GB data per day for 28 days. RCom is calling the plan as 'Internet Dhamaka Offer,' and it's on par with other telecom operators plans. As the plan name itself suggests, this plan doesn't offer any voice call or SMS... Read More
Tata Teleservices (TTSL) has reportedly approached its lenders, including the State Bank of India (SBI), to seek a restructuring of its debt, becoming the second telco to seek debt restructuring after Anil Ambani-owned Reliance Communications (RCom). The telco wants bankers to restructure about Rs 30,000-crore of its total Rs 40,000-crore debt, which includes Rs 8,000-crore of deferred spectrum payments, according to a report by Business Line. The Tata Group-owned telecom... Read More
Mukesh Ambani-led Reliance Jio, the 4G entrant, has reportedly approached the Competition Commission of India (CCI) seeking approval for its proposed spectrum sharing deal with Anil Ambani-led Reliance Communications. According to media reports, Jio is currently awaiting the nod for its deal with RCom for using the 800 MHz spectrum. Jio had inked the agreement with RCom in January last year. Both the telcos had inked trading agreement and agreed... Read More
Reliance Communications, the Anil Ambani-led company, is finally offering decent plans for its users under the postpaid segment. The company is offering four new plans exclusively for new users, and the plans should be purchased from the company's new online portal- rcom-eshop. https://www.youtube.com/watch?v=amKUVTa17rI The new RCom plans are called as Jalsa Unlimited, and they start at Rs. 239 and goes all the way up to Rs. 499. RCom is offering... Read More
Reliance Communications have figured out a way to tackle the incumbent telecom operators in the country. It's by offering attractive postpaid plans. All the telecom operators in the country are relying on the prepaid users and left out the postpaid users. Moreover, a chunk of postpaid users has already converted to prepaid to get more benefits. Taking on the postpaid segment, RCom has recently offered three postpaid plans providing 1GB... Read More
The Cabinet will next week consider RCom’s deal with Brookfield Infrastructure Partners for the divestment of the former’s tower business in India, according to media reports. Canada-based Brookfield has proposed to buy 51% interest in Reliance Infratel worth Rs 11,000 crore. The deal is a part of RCom’s transformation strategy which aims to reduce its net debt that stands at Rs 45000 crore. The Cabinet’s nod will pave the way... Read More
Reliance Communications (RCom) has been under immense pressure due to ongoing events in the Indian telecom sector. The telecom operator led by Anil Ambani is not able to match the current low-cost tariffs scenario created by Reliance Jio in the market, followed by the India's top three telecom operators and state-run operator BSNL. The new development in the company is that the Chairman of... Read More
Reliance Communications, which is under immense pressure for not sustaining the current Indian telecom market has come up with a unique offer. The company is offering up to 28 percent discount for its postpaid plans and that too for one year. RCom has announced that there will be a discount of up to 28 percent for users who subscribe to the plans online via the company's portal- rcom-eshop.com. However, this... Read More
Reliance Communications led by Anil Ambani have rejected all the downgrades made Moody's and Fitch the other day, which resulted in the company's shares go down by 4 percent, making the operator's losses to 38 percent in the last month. RCom urges that the ratings by "Moody's and Fitch apply only to these USD bonds. We respectfully disagree with the recent rating actions by both these agencies and believe that... Read More
Moody’s and Fitch have downgraded Anil Ambani-led telco Reliance Communications Limited's (RCOM) rating following full year net loss of Rs 1,285 crore and 11% decline in revenues. Moody's Investors Service has downgraded Reliance Communications Limited's (RCOM) corporate family rating and senior secured bond rating to Caa1 from B2. Fitch Ratings has downgraded RCom’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to 'CCC' from 'B+'. The agency has also downgraded... Read More
Reliance Communications, the Anil Ambani-led telecom operator, said that it has formally advised all its lenders that it will be making repayment of an aggregate amount of Rs 25,000 crore from the proceeds of Aircel and Brookfield transactions. "The said amount will cover not only all scheduled repayments but also include substantial pre-payments to all lenders on a pro-rata basis," RCom spokesperson stated in a statement. RCom said that it... Read More
Reliance Communications (RCom) said that its strategic company transformation has now entered final stages of the competition with proposed acquisition of Sistema Shyam TeleServices wireless. The proposed purchase of SSTL’s wireless operations has received all approvals and is expected to be completed in June 2017. RCom said that the SSTL merger will add highly valuable 30 MHz of 850 band spectrum in 8 key circles, and will extend the validity... Read More
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