Reliance

March 15th, 2017 11:29 AM 26 COMMENTS

RCom gets SEBI, stock exchanges nod for wireless demerger into Aircel

Anil Ambani-led Reliance Communications (RCom) has received nod of the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) for the proposed Scheme of Arrangement for demerger of the Wireless division of the Company into Aircel and Dishnet Wireless (the Scheme), the telecom operator said in a statement on Wednesday. The telecom operator said that it has now filed an application... Read More

March 12th, 2017 5:18 AM 61 COMMENTS

RCom vs Aircel: Which Operator is Offering the Best New User Benefits?

The telecom industry in India is witnessing some massive changes from the past five months or so, thanks to Reliance Jio and its free services. With the Reliance Jio's free services set to expire on March 31, 2017, the entire focus in now slowly shifting towards the JioPrime subscription scheme. To compete with Reliance Jio's new user benefits, the Anil Ambani-led RCom yesterday came out with probably the best new... Read More

March 10th, 2017 12:28 PM 57 COMMENTS

RCom Now Offers 1GB of 4G Data at Rs. 49 With Unlimited On-Net Voice Calls for New Users

Anil Ambani-led Reliance Communications (RCom), one of the leading service provider in India, today launched its innovative ‘Unlimited Plan’ in a new avatar—the ‘Joy of Holi’ offer— with added data and voice-calling benefits for all new customers. With this launch, all new 4G customers of RCom will get best-in-industry pricing, with 1GB of data access offered at just Rs 49, while 3GB of data access can be availed for only Rs... Read More

March 1st, 2017 6:17 AM 2 COMMENTS

Reliance Group’s Unlimit And Cumulocity Partner To Deliver IoT Solutions In India

Reliance Group’s internet-of-things (IoT) business unit Unlimit and the IoT software platform provider Cumulocity has joined hands to offer IoT solutions in India. The partnership will enable the customers of Unlimit to benefit from the rapid machine; sensor and device integration and data collection; and real-time analytics for condition monitoring. It also offers predictive maintenance and supply chain automation; comprehensive device management and remote control; vertical application configurable real-time dashboards;... Read More

February 20th, 2017 11:11 AM 91 COMMENTS

Tata Teleservices in talks to join proposed RCom-Aircel-MTS entity: Report

In an interesting turn of events, Tata Group-owned telco Tata Teleservices has entered into an initial round of discussions with Anil Ambani-led Reliance Communication to explore the possibility of joining forces with the upcoming merged RCom-Aircel and MTS entity. Mukesh Ambani-led Reliance Jio’s entry has resulted triggered intense competition, leading to a new phase of consolidation in the industry. The mergers and acquisitions activity in India has picked up the... Read More

February 13th, 2017 7:53 PM 8 COMMENTS

RCom says Aircel merger to be completed by 2017 middle, MTS merger by March

Reliance Communication's (RCom) merger with smaller GSM telco Aircel, and tower deal with Brookfield are likely to be completed by the middle of 2017, while the merger with Sistema Shyam Teleservices, which operates under MTS India, will be completed by March end this year, the telco said in analyst call post results on Monday. The Anil Ambani-led telco also clarified that the ongoing legal issue on Aircel and Maxis will... Read More

February 11th, 2017 7:16 PM 43 COMMENTS

RCom reports Q3 net loss of Rs 531 cr, blames competition & shutdown of profitable CDMA biz

Anil Ambani-led Reliance Communications (RCom) reported a net loss of Rs 531 crore in the third quarter, while its revenue declined 4.3% at Rs 4,922 crore in the quarter, against Rs 5,142 crore in Q2. The telco said that it posted net loss on account of an unprecedented competitive intensity, complete shutdown of its profitable CDMA operations, and due to an increase in amortisation and interest expense aggregating Rs 278... Read More

January 27th, 2017 3:25 PM 24 COMMENTS

RCom’s tower assets sale, merger with Aircel to take another 6-9 months to close; gets negative outlook from Moody’s

Reliance Communication’s sale telecom tower assets and the merger of its core wireless operations with Aircel Limited (unrated) in a new joint venture are expected to take another 6-9 months to close, according to ratings agency Moody’s. Moody's Investors Service has also downgraded Reliance Communications Limited's (RCOM) corporate family rating and senior secured bond rating to B2 from B1. The agency said that the rating outlook is negative, which primarily... Read More

December 22nd, 2016 1:42 PM 0 COMMENTS

RCom sells its tower business to Brookfield Infrastructure

Brookfield Infrastructure, along with its institutional partners, is buying the tower business of Reliance Communications (RCom) at an upfront payment of Rs. 11,000 crores in cash, announces a statement released by RCom. The transaction is subject to authority approvals. The binding agreement will de-merge RCom’s tower business into a separate business entity, owned by Brookfield Infrastructure. RCom will get ‘B’ class non-voting shares in the new business. Besides the non-voting shares,... Read More

December 1st, 2016 11:18 AM 68 COMMENTS

Here’s Why RCom’s Rs. 151 Plan is the Best Recharge Pack Available in the Market Right Now

Nearly three weeks ago, we reported that Reliance Communications had launched a new affordable plan to take on the Reliance Jio in some circles of India. And the voucher is priced at Rs. 151 (varies from each circle) and offers the same benefit of unlimited calling to any local or STD number up to 30 days and it even comes bundled with a certain amount of data. Recently, it is... Read More

December 1st, 2016 2:12 AM 0 COMMENTS

RCom’s ‘non-core’ assets like GCX may become key focus area after restructuring: Moody’s

Reliance Communications’ 'non-core' assets originally identified for disposal like GCX will become the telco’s key business focus following the planned de-merger and tower sale, ratings agency Moody’s said on Wednesday. The agency has also downgraded RCom’s corporate family rating and senior secured bond rating to B1 from Ba3, due to the telco’s weak operating performance in the first half of the fiscal year, as evidenced by the continued contraction in... Read More

November 30th, 2016 7:24 AM 28 COMMENTS

Rcom slipped down from number 4 to number 6 position after loss of CDMA subscribers in August

Anil Ambani led Reliance Communications which is in the process of merger with Aircel and MTS has now slipped to 6th position in the Indian mobile market after losing out almost 20 million CDMA subscribers after closing down CDMA operations for use those airwaves to trade or share with Jio to build extensive 4G network across the country. According to latest TRAI data, the company has lost 8.40 million overall... Read More

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