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 … 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. … 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. The new RCom plans are called as Jalsa … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … Read More
Reliance Communications’ net loss widened in the fourth quarter at Rs 966 crore from Rs 531 crore net loss in the previous quarter, due to free offers, disruptive pricing and hyper competition in the market, the company said in a statement on Saturday. The Anil Ambani-led telecom service provider stated … Read More
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