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. … Read More
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), … Read More
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. … Read More
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 … Read More
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. … Read More
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 … Read More
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 … Read More
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, … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
Support Telecomtalk
19 Comments
