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Reliance Communications expands board; elevates Punit Garg to Executive Director
Mon, Oct 02, 2017
The Board of Directors of Reliance Communication has expanded its board by inducting senior executives.
Telecom subscriber base drops marginally to 121 crore
Thu, Sep 14, 2017
Only three operators -- Reliance Jio, Bharti Airtel and state-run BSNL -- reported subscriber additions in the month, while eight other operators including Idea Cellular and Vodafone, saw a decline.
Six telcos underreported revenue by Rs 61,064.5 crore: CAG
Fri, Jul 21, 2017
Private telcos, including Bharti Airtel, Vodafone and Idea, understated revenues to the extent of Rs 61,064.5 crore during 2010-11 and 2014-15, leading to a "short payment" of Rs 7,697.6 crore to the government, the CAG said today.
Bharti Airtel's deals with Videocon, Aircel approved: CCI
Fri, Jun 30, 2017
Under the deal, Bharti Airtel was to acquire the spectrum of Videocon Telecommunications Ltd (VTL) in six circles. In this regard, both had entered into a definitive agreement last March.
Anil Ambani announces to take no salary or commission from RCom in FY18
Wed, Jun 14, 2017
Reliance Communications' (RCom) owner Anil Ambani announced on Wednesday that he has voluntarily decided to draw no salary or commission from the telecom company in the current financial year.
Delay in plans to offset debt led telecom industry to crisis
Mon, Jun 12, 2017
The telecom sector is currently Rs 3.60 lakh crore in debt is facing a lot of turmoil including degrading of companies by ratings agencies. Analysts speak about the causes and how Reliance Jio added to their problems.
Lenders have given us time till December, says RCom’s Anil Ambani
Fri, Jun 02, 2017
Moody's, ICRA downgrade RCom over debt concerns
Wed, May 31, 2017
RCom, controlled by billionaire Anil Ambani, has traditionally relied on short-term debt and covenant waivers from its banking relationships, but if these waivers are not received it could impact RCom`s $300 million bondholders "significantly", Moody`s said.
RCom shares fall further at nearly 8% in early trade on concerns about loan repayments
Tue, May 30, 2017
The shares of Anil Ambani-owned telecom company Reliance Communications (RCom) fell further by nearly 8% in the early morning trade on Tuesday on back of investor concerns over the company's ability to repay its loans.
RCom reports loss of Rs 948 crore in Q4 on disruptive pricing, competition
Sun, May 28, 2017
Anil Ambani owned telecom company RCom has reported a loss of Rs 948 crore for the fourth quarter (Q4) ended on March 31, 2017 on back of intense price war in the telecom sector due to the entry of Reliance Jio which has hurt the profitability and income of the company.
TRAI data: Over 60 lakh requests for Mobile Number Portability received in March
Fri, May 19, 2017
Mobile Number Portability rose to reach 60.3 lakh requests in March this year taking the total number of MNP to 27.27 crore. Interestingly enough newcomer Reliance Jio added 58 lakh new subscribers to its subscriber base in the same month.
Reliance Jio is now officially the fourth largest telecom company in India, grabs 10% share
Fri, May 19, 2017
Newcomer Reliance Jio has garnered 9.29% of the telecom market share, as per TRAI data. Its new subscriber additions in March were over 58 lakh and it took its total subscriber base to 10.86 crore.
Reliance Communication receives shareholder approval to demerge wireless business with Aircel
Mon, Apr 24, 2017
Reliance Communication on Monday announced that it has received majority of its shareholders’ approval for the demerger of its wireless business into Aircel Ltd.
Subscriber base of 6 telcos rises 2.27 million in February
Fri, Mar 24, 2017
"...The number of mobile phone subscribers showed an increase to 817.42 million in February 2017. The net increase in subscriber base is 2.27 million in the month of February," the Cellular Operators Association of India said in a statement.
After Sebi, now CCI gives nod to RCom-Aircel merger
Mon, Mar 20, 2017
RCom said, “The company has received an approval of the CCI for the proposed scheme of arrangement for demerger of wireless division of Rcom into Aircel Limited and Dishnet Wireless Limited (the scheme).”
Spectrum or subscribers? The real reason why Airtel bought Telenor
Fri, Feb 24, 2017
Sudden intense competition in the already saturated telecom market in India has led to Bharti Airtel’s acquisition of Telenor’s India operations.
Reliance Jio: 7th largest operator; net additions in December beat all other networks combined
Mon, Feb 20, 2017
Reliance Jio’s net additions in December was the highest among all other networks adding 20,281,930 (over two crore) subscribers to its wireless base. Its growth rate was 39.10% as per TRAI data.
Tata Tele likely to join hands with Rcom-Aircel and MTS, says report
Mon, Feb 20, 2017
Since Jio's entry in September last year, the telecom operators are finding difficult to maintain their market share and churn profits.
Supreme Court temporarily bars Aircel from selling airwaves
Fri, Jan 06, 2017
The Supreme Court (SC) on Friday halted mobile phone carrier Aircel from selling its airwaves over an ongoing case of alleged corruption, potentially delaying a proposed deal with rival Reliance Communications (RCom).
MS Dhoni quits as captain of Indian cricket team but his 'brand value' has been diminishing since 2014
Thu, Jan 05, 2017
As Dhoni quits as captain of the ODI and T20 cricket team, brands have already started walking off his pitch as the end of his cricketing career approaches.