Reliance Communications has allotted 10% or 27.65 crore shares worth Rs 415 crore to Sistema Shyam Teleservices, which resulted in a decline of 5.92% points to 53.08% in RCom’s promoter group shareholding, the Anil Ambani-led telco said in a latest regulatory filing. The RCom-SSTL merger was finally approved by the … Read More
Reliance Jio, the Mukesh Ambani-led 4G telco is reportedly planning to buy Anil Ambani-led Reliance Communications’ tower unit and Indian fiber assets. Besides Jio, a number of companies, including Indus Towers, ATC, Bharti Infratel, Brookfield Infrastructure, Sistema JSFC, Tillman Global Holdings, TPG Capital, Carlyle Group, I-Squared Capital and Gateway Partners … Read More
Brookfield Infrastructure, one of the largest telecom asset management company has called off its agreement with the Anil Ambani-led telecom operator Reliance Communications. The deal was worth $200 million, and the reason behind the deal is RCom’s lapsed merger deal with Aircel last month. “The merger will not proceed and … Read More
India’s CDMA story is over, as RCom announced the completion of the acquisition of MTS India network. It seems to be an end of Indian telecom, as the CDMA network of MTS is to be shut down by 30th of November 2017. The lone CDMA survivor is Tata Docomo CDMA, … Read More
Reliance Communications will exit from the wireless voice business, and is expected to scale down its operations due to intense competition significantly, rating firm Fitch Ratings said on Wednesday. Amid reports of operations closure, the Anil Ambani-led telecom operator announced that it will focus on offering 4G services as a … Read More
Reliance Communications and its unit Reliance Telecom were given an order by the Telecom Regulatory of India on Wednesday to issue and communicate unique porting codes immediately via SMS to users in Shillong and Kerala areas where 2G services have been shut down. These unique porting codes allow a user … Read More
Anil Ambani-led Reliance Communications (RCom) on Monday has come up with a comprehensive debt resolution plan to its domestic and foreign Lenders. Under the plan, the telco said that it would pay off up to Rs. 17,000 crore of its debt, out of the proceeds of monetization of Spectrum, Towers … Read More
Reliance Communications’ new 4G-led wireless strategy may not bring results for the struggling telecom operator as a majority of its customers are on the 2G network, and are still using feature phones. These customers have very low monthly spending and little willingness to invest in a 4G-ready smartphone, according to … Read More
Anil Ambani-led telecom operator, Reliance Communications on Wednesday said that it is taking a 4G-focused strategy to achieve profitable growth for its wireless business, even as it will optimising its 3G and 3G footprint in the country by November 30, 2017. In a statement to ET, RCom said that it … Read More
Anil Ambani-led Reliance Communications is preparing to shut down its wireless business in the next 30 days, following its failed attempt at merging operations with Aircel. The telecom operator has reportedly informed its employees that November 30 will be their last date of employment with the company. Gurdeep Singh, executive … Read More
The Department of Telecom (DoT) has now approved the merger of Sistema Shyam Teleservices with Reliance Communications (RCom). If this deal goes through all the regulatory approvals, then the total number of mobile operators in the country will be reduced to ten. “Reliance Communications Limited (RCOM) has received the Department … Read More
Telecom operator, Reliance Communications (RCom) has come up with a new tariff plan with benefits in-line with incumbent telecom operators. The Anil Ambani-led company has unveiled a new Rs. 349 plan, which offers both data and voice calling benefits for 28 days. RCom is calling this plan as ‘Freedom Pack,’ … Read More
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