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 that it suffered a net loss of Rs 1,285 crore for the year, compared to a net profit of Rs... Read More
Anil Ambani-led Reliance Communications has rolled out a new tariff plan on the occasion of festival Ramadan. The firm has come up with an insane plan of Rs. 786 which provides both voice calling and mobile data benefits. A retailer has shared the plan launch info with us. The company has rolled out the plan officially, and customers can recharge the plan between May 27, 2017, to July 23, 2017.... Read More
In what comes as a relief for Sistema Shyam Teleservices (MTS), the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has reportedly ruled out the telecom department's demand for bank guarantees worth Rs 236 crore from the CDMA telco for spectrum in the 800 MHz band that had been transferred to Anil Ambani-led Reliance Communications (RCom). According to an Economic Times report, the telecom tribunal has now ruled that the DoT... Read More
Reliance Infratel Limited (RITL), a subsidiary of Reliance Limited Communications (RCom) has received approval from its shareholders at a meeting held on April 29, 2017, for demerger of the Tower division of the RITL into Towercom Infrastructure Private Limited (TIPL), a subsidiary of Brookfield Infrastructure Group. Under the order of National Company Law Tribunal (NCLT), shareholders have approved 98 percent majority of Scheme of Arrangement for the demerger. Upon the... Read More
Anil Ambani-led Reliance Communications (RCom) will be revamping its monthly tariff plans for May and has already sent out the details of the new offers to all the retailers across the country. According to a retailer from Andhra Pradesh circle, RCom will be launching new first recharge tariff plan of Rs. 148. With the FR 148 plan, the telco will be offering benefits for ten weeks, on-par with other telecom... Read More
Reliance Entertainment, the Anil Ambani-led venture today announced the launch of completely revamped movie platform BIGFLIX, which now has content in nine regional languages for India and global markets. Back then, BIGFLIX was the country’s first video-on-demand brand, which is now looking to dominate the global market. The all new BIGFLIX will now have 2000 HD movies in nine Indian languages comprising languages Hindi, Telugu, Tamil, Punjabi, Malayalam, Gujarati, Marathi,... Read More
Reliance Communications (RCom) has received a nod from its shareholders for a merger with Aircel. At their meeting convened under the order of National Company Law Tribunal (NCLT), shareholders today approved with 99.99 percent majority for the Scheme of Arrangement for demerger of the wireless division of the company and Reliance Telecom Limited (RTL) into Aircel and Dishnet Wireless Limited. Shareholders of RCom also approved the Scheme at their meeting... Read More
Anil Ambani-led telco, Reliance Communications has reportedly terminated the services of around 600 employees as it streamlines its operations following the ongoing merger with Sistema Shyam Teleservices (MTS India), which is expected to conclude soon. The move to sack employees will result in a leaner organization, according to media reports. RCom currently has over 7500 employees across the country. An ET report, citing sources, said that "retrenchment over the last... Read More
RCom, the pioneer in the wireless home phones, has introduced two new Wireless Home Phones with support for 3G and 4G VoLTE. The Anil Ambani-led company has added a new 3G Home Phone that comes with the assistance of Wi-Fi, whereas the 4G VoLTE Home Phone is a self-hotspot device that can connect up to eight devices at the same time. The 3G Home Phone costs Rs. 3499 and the... Read More
Unlimit, the Reliance Group-owned entity and the India's first dedicated Internet of Things (IoT) business unit has announced its collaboration with Cumulocity (one of the leading IoT service provider) to roll out a suite of new products and services on a new platform called 'Enablement.' Enablement allows business to connect ant device over any network to manage and store asset data, by controlling them in real-time by monitoring device availability,... Read More
Reliance Communications on Thursday said that it has received approval from the Competition Commission of India (CCI) for the sale of the Tower Division of Reliance Infratel Limited to Brookfield Infrastructure Group. The sale will be carried out pursuant to a demerger of the Tower Division to Towercom Infrastructure Private Limited (Towerco), which will be the second largest independent and operator-neutral towers company in India after Indus Towers. Upon the... Read More
RCom, the Anil Ambani-led telecommunications operator, is inching towards combining their cellular operations with Aircel. RCom has announced that they received approval from the Competition Commission of India (CCI) for the proposed Scheme of Arrangement for demerger of the Wireless division of the Company into Aircel and Dishnet Wireless Limited. To recall, RCom has already received approval from the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and... Read More
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