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Reliance Communication (RCom)

Reliance Communications settles case, pays Rs 62.4 lakh to SEBI

Reliance Communications settles case, pays Rs 62.4 lakh to SEBI

Sat, Nov 10, 2018

"Reliance Communications Limited filed a suo moto application in terms of the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 proposing to settle, through a settlement order," SEBI said in a statement.

Moody's warns of downgrading Reliance Communications cable arm GCX

Moody's warns of downgrading Reliance Communications cable arm GCX

Sat, Sep 15, 2018

Some of the options require RCom to exit the SDR process, a situation, which "lends to ongoing uncertainty around the completion of any agreement and GCX's ability to access the market under current circumstances", she added.

Reliance Communications seeks shareholders' nod to raise borrowing limits to up to Rs 50,000 cr

Reliance Communications seeks shareholders' nod to raise borrowing limits to up to Rs 50,000 cr

Sat, Aug 25, 2018

The resolution enables the company's board to borrow funds "which may at any time not exceed Rs 50,000 crore.

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SC dismisses IT’s plea for taxing RCom's FCCB proceeds

SC dismisses IT’s plea for taxing RCom's FCCB proceeds

Tue, Nov 22, 2016

The Supreme Court on Monday dismissed the ‘Special Leave Petition’ filed by the Income-Tax Department against Reliance Communications (RCom) on taxing of the proceeds of Foreign Currency Convertible Bonds (FCCBs), treating it as ‘unexplained cash credit.’

Reliance Jio is positively making lives of other telecom companies more difficult

Reliance Jio is positively making lives of other telecom companies more difficult

Thu, Oct 20, 2016

Even though Reliance Jio (RJio) has less than 2 crore customers in a country with nearly 100 crore mobile connections, it has managed to make lives of established telecom companies difficult.

Telecom woes: ARPU, rising debt to hurt industry after spectrum auction

Telecom woes: ARPU, rising debt to hurt industry after spectrum auction

Wed, Oct 19, 2016

The tepid response by telecoms in the recent spectrum auction organized by the Department of Telecom (DoT) failed to brighten the debt ridden future of the industry, which is estimated to increase.

Reliance Communications shares rise as it sells part of telecom tower business

Reliance Communications shares rise as it sells part of telecom tower business

Fri, Oct 14, 2016

As per the term sheet, the specified assets are intended to be transferred from Reliance Infratel Limited (RITL) on a going concern basis into a special purpose vehicle (SPV) to be owned by Brookfield.

Spectrum Auction to commence on October 1

Spectrum Auction to commence on October 1

Fri, Sep 30, 2016

There are 7 telcos who have applied for this spectrum auction, and together have brought in bids of around Rs 14,563 crore.

Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani

Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani

Tue, Sep 27, 2016

"We have all the spectrum we need for 2G, 3G and 4G services plus spectrum trading and sharing agreements with Reliance Jio," he said. "We have accomplished a virtual merger between Reliance Communications and Reliance Jio."

Can RCom and Aircel disrupt India's telecom market?

Can RCom and Aircel disrupt India's telecom market?

Fri, Sep 16, 2016

Tanu Sharma, Associate Director of India Ratings said, "The merger of the wireless business of RCom with Aircel is a key milestone in the ongoing consolidation in the telecom sector."

RCom to transfer its wireless business Reliance Telecom to Aircel

RCom to transfer its wireless business Reliance Telecom to Aircel

Thu, Sep 15, 2016

It said in a statement,”The demerger and vesting of the wireless business undertaking of Rcom and RTL to Aircel and DWL will provide in opportunity to strenghten their telecom folder in terms of shareholder, equity and customer base.”

Indian equity markets open flat, Sensex up 18 points

Indian equity markets open flat, Sensex up 18 points

Thu, Sep 15, 2016

Indian equity markets opened flat on Thursday with BSE Sensex up 0.09% to 28,415 points and NSE Nifty 50 to 0.2% at 8,739.85 points.

Rcom's net profit declines by 6% on migration of CDMA customers to 4G LTE

Rcom's net profit declines by 6% on migration of CDMA customers to 4G LTE

Wed, Sep 14, 2016

June quarter result was impacted by migration of CDMA (code division multiple access) customers to 4G LTE, said the company.

RCom, Aircel will merge to create India's fourth largest telecom company

RCom, Aircel will merge to create India's fourth largest telecom company

Wed, Sep 14, 2016

Anil D. Ambani, Chairman, Reliance Group, said "Together with our partners, MCB, we are delighted to have taken the lead in consolidation of the Indian telecom sector, first, with RCOM’s acquisition of the wireless business of SSTL (Sistema / MTS), and now, with the combination of our business with Aircel Ltd. in a 50:50 Joint Venture with MCB.”

Telecom operators submit their application for mega spectrum auction

Telecom operators submit their application for mega spectrum auction

Wed, Sep 14, 2016

It will be largest ever spectrum auction in which the Government of India plans to sell a record of 2,354 MHz of mobile airwaves across seven bands at the upcoming auctions.

RCom announces 300 mins app-to-app 4G calling at Re 1

RCom announces 300 mins app-to-app 4G calling at Re 1

Tue, Aug 30, 2016

Ahead of the impending launch of Reliance Jio's 4G services, rival Reliance Communications (RCom) on Tuesday announced app-to-app 4G calling at Re 1.

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