Moody’s and Fitch have downgraded Anil Ambani-led telco Reliance Communications Limited’s (RCOM) rating following full year net loss of Rs 1,285 crore and 11% decline in revenues. Moody’s Investors Service has downgraded Reliance Communications Limited’s (RCOM) corporate family rating and senior secured bond rating to Caa1 from B2. Fitch Ratings … Read More
Anil Ambani-led telco, Reliance Communications has reportedly terminated the services of around 600 employees as it streamlines its operations following the ongoing merger with Sistema Shyam Teleservices (MTS India), which is expected to conclude soon. The move to sack employees will result in a leaner organization, according to media reports. … 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
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
Bharti Airtel, along with Reliance Communications and Sistema Shyam Teleservices (MTS India), in their submission to the Trai, have objected to the telecom regulator’s recent directive that fixed broadband operators ensure a minimum 512 kbps download speed at all times, media reports said. The Indian telecom regulator, had last month, … Read More
After the success of its world cup special bonus data offering where Rcom gave extra data on select recharges (on specific days when India played) and credited data based on the number of runs scored by team India, it has now launched the same offer with new packaging of IPL … Read More
Reliance Communications (Rcom) today announced that it has ties up with Tata Docomo (Tata Teleservices) and Aircel to provide 3G roaming services to each others customers using their network across country. Reliance Communications (RCom) and Aircel have spectrum and licences for 3G services in 13 out of 22 telecom circles … Read More
Reliance Communications (Rcom) today launched ZERO Plan – EMI scheme for Nokia Lumia 1520 and Nokia Lumia 1320 ( Nokia’s flagship windows smart-phones) wherein customer can buy these phones with Zero Down Payment with true Unlimited Call, SMS and 3G data usage. Earlier Rcom launched similar schemes for Apple iPhone … Read More
India’s leading Mobile service provider Reliance Communications (Rcom) is all set to offer FREE (at zero upfront cost) 16GB iPhone 5c and iPhone 5s with fixed monthly payment of Rs.2500 and Rs.2800 up to 2 years. According to Hindu Business-line Report, Reliance will offer unlimited voice calls, SMS and … Read More
Reliance Communications (Rcom) today announced that company is offering a daily free recharge of 10 minutes for a period of five days, from October 20 to its customers in Odisha circle on both the CDMA and GSM platforms to ensure that they stay connected with their loved ones in this … Read More
Reliance Communications (RCOM) launched a Special Tariff Plan for its GSM and CDMA prepaid customers across India who can now enjoy unlimited free Incoming Calls while on National Roaming. Reliance Mobile’s Free Incoming Call on National Roaming Plan comes at Rs.194 with tariff validity of 180 days (6 Months) from … Read More
As the fierce tariff war precipitated, almost all operators hiked their tariff. India’s largest dual technology mobile operator Reliance Communications has revised its tariff plans in all circles. Reliance has now several plans for both CDMA and GSM prepaid customers as they require. Most of the tariff revision is done … Read More
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