Reliance

Rudradeep Biswas

RCOM-Aircel merger: Exclusivity period extended by 60 days

RCOM-Aircel merger: Exclusivity period extended by 60 days

Reliance Communications (RCOM) announced that it has extended the exclusivity period with the primary shareholders of Aircel Limited (Maxis Communications Berhad and Sindya Securities and Investments Private Limited) by 2 months to May 22, 2016. This decision has been taken on the back of good progress that has been made … Read More

Imon

Reliance Mobile updates its self-care app ‘InstaCare’, now customers can activate VAS and more features

Reliance Mobile updates its self-care app ‘InstaCare’, now customers can activate VAS and more features

After neglecting its self-care app for long enough, Reliance communications has now updated its ‘InstaCare’ app on Android platform. The recent update has come when the company is continuously losing out subscribers and going through major restructuring after MTS deal. There were many instances where customers were seen complaining on its … Read More

Rudradeep Biswas

Fitch affirms RCom long-term foreign, local currency ratings at BB-

Fitch affirms RCom long-term foreign, local currency ratings at BB-

Rating agency Fitch affirmed Reliance Communications’ long-term foreign-and local-currency issuer default ratings (lIDR) of ‘BB-‘, indicating a stable outlook. It simultaneously affirmed the ‘BB-‘ rating on the Anil Ambani-led telco’s $300 million 6.5% senior secured notes due 2020. The affirmation factors in RCom’s commitment to deleverage in a timely manner … Read More

Tharun G

Reliance Communications launches ‘Net Buddies’ referral program, offers free data to referrals and referrers

Reliance Communications launches ‘Net Buddies’ referral program, offers free data to referrals and referrers

Reliance Communications has launched the Net Buddies referral program for its subscribers. Under the offer, Reliance customers who refer their non-Reliance friends will receive benefits in the form of free internet data. Reliance is giving away 500MB of data and unlimited WhatsApp data for 30 days for each new referral joining its network. While … Read More

Imon

RCom, Aircel in talks to merge wireless business

RCom, Aircel in talks to merge wireless business

Anil Ambani-led Reliance Communications (RCOM) has entered into discussions to combine wireless business with Aircel. The company, in a note, said that it has entered into a 90-day exclusivity period with Maxis Communications Berhad (MCB) and Sindya Securities and Investments Private Limited, the shareholders of Aircel, to consider the potential merger … Read More

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