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
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 … Read More
According to a statement released by the Reliance Communications (RCom), the Honorable Supreme Court has dismissed the “Special Leave Petition” filed by the income tax department against the company on taxing of the proceeds of Foreign Currency Convertible Bonds (FCCBs). Justice Kurian Joseph and Justice Rohinton Fali Nariman were the … Read More
Taking up from the rumours that hinted about Jio’s upcoming home delivery service, Reliance Jio has finally launched a pilot programme to deliver the Jio SIM cards at your doorstep. For now, the company is launching the service in the main cities of India to save the buyers from standing … Read More
Anil Ambani-led Reliance Communications‘ international calling service Reliance Global Call has launched an ‘RGC India’ app for international calling. The app will allow international calling starting at Rs. 1.4 per minute. Commenting on the launch of the app, Mr. Gurdeep Singh, Co-CEO, Reliance Communications, and CEO of RCOM’s Consumer Business … Read More
Reliance Jio Infocomm, the Mukesh Ambani-led telecom operator, has received a clean chit from the Indian government for its “controversial” tariff plans that offer free unlimited voice calling service, following a similar respite from the regulator, the Telecom Regulatory Authority of India (Trai). Trai had earlier opined that tariff plans … Read More
Reliance Group and Cisco Jasper has collaborated to launch a new company UNLIMIT. UNLIMIT intends to provide internet-of-things (IoT) services to enterprise customers throughout India. The company will use various resources of Reliance Group including its mobile networks and utilizes the IoT connectivity management platform of Cisco Jasper. The duo … Read More
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