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
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 … 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 … 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 … 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 … 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 … Read More
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