Global Cloud Xchange (GCX), a subsidiary of Reliance Communications (RCom), and Cyprus’ leading telecommunication provider PrimeTel today announced further enhancement of their partnership with a 100 Gbps upgrade to GCX’s HAWK subsea cable system branch into Cyprus. This network upgrade will offer robust connectivity solutions and drive new business opportunities … Read More
Reliance Communications suffered a severe blow by the NCLAT when the tribunal delivered its decision of retracting the order which it passed on April 6. The previous order allowed Reliance Communications to sell its fiber and towers, now the company has been restricted to do so until April 23. The … Read More
Reliance Communications (RCom), headed by Anil Ambani, yesterday received good news as the Supreme Court has vacated the stay on the sale of spectrum to the Mukesh Ambani-led Reliance Jio. As part of the massive asset monetisation, Reliance Jio to acquire assets of RCom under four categories- Towers, Optic Fiber … Read More
Reliance Communications (RCom) shareholders with the US $300 million bonds have approved the company’s asset monetisation plans to Reliance Jio. RCom bondholders, during a meeting, held on March 20, 2018, have approved this massive deal, which was announced back in December 2017. “The Bondholders also approved the release of their … Read More
The Competition Commission of India (CCI) has reportedly approved the proposed sale Reliance Communications (RCom) infrastructure assets to Reliance Jio. Reporters at PTI has confirmed the progress, and they learnt this information from two people who are familiar with the development. This news will surely boost Reliance Jio as it’s expected … Read More
Ailing telecom operator, Reliance Communications (RCom) is now allowing its customers to generate Unique Porting Code (UPC) from its website. Several RCom users across the country are complaining about network issues as the telco already closed services in its licensed circles. And the Anil Ambani-led telco recently received a deadline … Read More
The Telecom Regulatory Authority of India (Trai) has now issued directions to Reliance Communications Limited and Reliance Telecom Limited, all access service providers and Mobile Number Portability Service Providers regarding the extension of the validity period of Unique Porting Codes, issued to the subscribers of RCom pursuant to closure of … Read More
Telecom regulator (Trai) has given a warning to Reliance Communications (RCom) for trying to ‘pocket’ the unspent balances of prepaid users and security deposits of postpaid customers. RCom was directed to refund the said amount to respective customers maximum by February 15 via three mechanisms, but the company refused and … Read More
Anil Ambani-led ailing telco Reliance Communications (RCom) said that its net loss has come down sharply by over 95% to Rs 130 crore in the third quarter ended December 31, 2017, largely helped by the planned exit from consumer business which comprised wireless, direct to home and PCO. The telco … Read More
The Telecom Regulatory Authority of India (Trai) today directed Reliance Communications (RCom) to refund the unspent balance of prepaid mobile subscribers and security deposit of postpaid subscribers pursuant to the closure of 2G GSM, CDMA and discontinuation of voice services in all the licensed services areas. RCom closed its 2G … Read More
After acquiring most of Reliance Communications’ spectrum along with fiber and tower assets, Mukesh Ambani-led Reliance Jio Infocomm is reportedly targeting the Anil Ambani-led telco’s remaining unsold airwaves in the 850 MHz band. Bharti Airtel, however, is also eyeing RCom’s spectrum in the 850-Mhz band, which is considered suitable band … Read More
Reliance Communications‘ biggest foreign lender China Development Bank (CDB) has withdrawn a petition seeking to drag the debt-ridden telco into insolvency, following the Anil Ambani-led telco’s deal with Reliance Jio to sell various assets, including spectrum, a fiber-optic network, and towers among others. However, Swedish telecom gear maker Ericsson is … Read More
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