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Srikapardhi November 28th, 2017 11:00 AM 78 COMMENTS

Reliance Jio May Buy RCom’s Spectrum in Seven Key Markets to Bolster 850MHz Holdings: Report

Reliance Jio, the Mukesh Ambani-led 4G entrant, would look at buying RCom's 4G spectrum in the 850 MHz band in seven key markets, which the latter has recently received after the successful merger with Sistema Shyam Teleservices (SSTL). However, Jio could only buy these airwaves if the Indian government gives approval to the Trai's recent recommendation for easing spectrum caps. RCom and Jio had earlier signed spectrum trading and sharing... Read More

Chakri K November 28th, 2017 10:38 AM 4 COMMENTS

Problems Mount Up for RCom, China Development Bank Files Insolvency Case to Recover Around Rs 9000 Crore

China Development Bank (CDB), a lender to Reliance Communications (RCom), has filed an insolvency case against the ailing telecom service provider, following a similar case filed by Swedish telecom gear maker Ericsson. RCom owes about Rs 7,500 crore to China Development Bank, but the amount has increased to Rs 9000 crore due to interest. The bank has become the first lender to file insolvency proceedings against the debt-ridden telco, which... Read More

Srikapardhi November 18th, 2017 7:29 PM 62 COMMENTS

Trai Directs RCom to Share Balance Details of Prepaid Users Moved Out from the Network

Telecom Regulatory Authority of India (Trai) has asked Reliance Communications (RCom) to share the prepaid balance details of prepaid users who moved out of the network. To recall, RCom recently closed its 2G GSM and CDMA services in eight circles and nine circles respectively and upgraded those circles to 4G technology. The Trai has asked RCom to reveal the unspent prepaid balance details in those circles where it upgraded the... Read More

Chakri K November 17th, 2017 6:11 PM 6 COMMENTS

RCom-GCX Sends ‘Cease & Desist’ Notice/Injunction to Competitors in Indian Enterprise Market

Integrated telecommunications service provider RCom- Global Cloud Xchange (GCX) today announced that it has sent a ‘Cease & Desist’ notice and/or injunction to a number of competitors in India, after learning from its Enterprise customers that these competitors are carrying out an illegal and malicious campaign, spreading misinformation and wrongly implying that Reliance Enterprise Voice services will shortly be discontinued. RCom-GCX further said given the serious nature of the matter,... Read More

Rudradeep Biswas November 16th, 2017 3:09 PM 26 COMMENTS

RCom Gets NCLAT Notice Over New Due Claim; Says Not Making Any Payment to Lenders

Responding to a petition filed by Manipal Technologies, the National Company Law Appellate Tribunal (NCLAT) has issued a fresh notice to Anil Ambani-led Reliance Communications (RCom). Manipal Technologies had sought dues of about Rs 2.74 crore from the ailing telco for supplying biometric fingerprint scanners to RCom in 2016 Reports suggest that a similar petition was filed with the National Company Law Tribunal earlier, which rejected Manipal Technologies' claims. The... Read More

Chakri K November 12th, 2017 1:34 PM 8 COMMENTS

RCom Posts Rs. 2709 Crore Consolidated Loss for July-September Quarter

Ailing telecom service provider Reliance Communications’ (RCom) consolidated loss widened to Rs 2709 crore for the quarter that ended on September 30 from Rs 1210 crore in the previous quarter. Notably, the Anil Ambani-led telco had posted a profit of Rs 62 crore during the same period last year. RCom’s total income declined 48% to Rs 2667 crore when compared to the same period last year. The telco’s expenses for... Read More

Rudradeep Biswas November 11th, 2017 5:38 PM 16 COMMENTS

RCom Allots 10% Equity Worth Rs. 415 Crore to Sistema Shyam Teleservices, Brings Down Promoter Group Shareholding

Reliance Communications has allotted 10% or 27.65 crore shares worth Rs 415 crore to Sistema Shyam Teleservices, which resulted in a decline of 5.92% points to 53.08% in RCom's promoter group shareholding, the Anil Ambani-led telco said in a latest regulatory filing. The RCom-SSTL merger was finally approved by the telecom department last month. After the completion, RCom has acquired the entire telecom business of SSTL including its licences which... Read More

Chakri K November 9th, 2017 10:47 AM 31 COMMENTS

Reliance Jio Shows Interest in RCom’s Towers and Fiber Assets: Report

Reliance Jio, the Mukesh Ambani-led 4G telco is reportedly planning to buy Anil Ambani-led Reliance Communications' tower unit and Indian fiber assets. Besides Jio, a number of companies, including Indus Towers, ATC, Bharti Infratel, Brookfield Infrastructure, Sistema JSFC, Tillman Global Holdings, TPG Capital, Carlyle Group, I-Squared Capital and Gateway Partners have shown interest to buy RCom's tower unit, various media outlets reported. RCom on Tuesday has also informed the Bombay... Read More

Chakri K November 4th, 2017 7:41 PM 21 COMMENTS

Brookfield Lapses Deal With RCom After Aircel Merger Called Off

Brookfield Infrastructure, one of the largest telecom asset management company has called off its agreement with the Anil Ambani-led telecom operator Reliance Communications. The deal was worth $200 million, and the reason behind the deal is RCom’s lapsed merger deal with Aircel last month. “The merger will not proceed and therefore our transaction as previously announced will not proceed either. However, we continue to monitor the evolving situation to determine... Read More

Rudradeep Biswas November 3rd, 2017 5:34 PM 168 COMMENTS

RCom Asking MTS Users to Migrate to 4G-Only Network

India's CDMA story is over, as RCom announced the completion of the acquisition of MTS India network. It seems to be an end of Indian telecom, as the CDMA network of MTS is to be shut down by 30th of November 2017. The lone CDMA survivor is Tata Docomo CDMA, which has been already acquired by Airtel and 800MHz will be soon vacated for LTE deployment. For MTS CDMA customers... Read More

Srikapardhi November 3rd, 2017 7:02 AM 17 COMMENTS

RCom to Significantly Scale Down Operations Due to Intense Competition: Fitch

Reliance Communications will exit from the wireless voice business, and is expected to scale down its operations due to intense competition significantly, rating firm Fitch Ratings said on Wednesday. Amid reports of operations closure, the Anil Ambani-led telecom operator announced that it will focus on offering 4G services as a mobile virtual network operator after selling its spectrum assets, following its move to call off a plan to merge its... Read More

Shruti R November 2nd, 2017 7:10 PM 49 COMMENTS

Trai Asks RCom And RTL To Issue Unique Porting Codes To Users in Shillong, Kerala

Reliance Communications and its unit Reliance Telecom were given an order by the Telecom Regulatory of India on Wednesday to issue and communicate unique porting codes immediately via SMS to users in Shillong and Kerala areas where 2G services have been shut down. These unique porting codes allow a user to switch to another mobile carrier through the Mobile Number Portability (MNP) reports The Economic Times. Trai sent our separate... Read More