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Reliance Communication News
Reliance Communications net loss falls to Rs 130 crore in Q3FY18
Mon, Jan 29, 2018
RCom had reported net loss of Rs 2,712 crore in the preceding quarter (Q2FY18) and net loss of Rs 484 crore in the corresponding quarter of the previous year (Q3FY17).
Reliance Jio to buy RCom's wireless business; what’s next?
Sun, Dec 31, 2017
Here's what comes next as Reliance Jio and Reliance Communications prepare for the sale of assets.
Investors optimistic on RCom; shares gain 108% in 3 days
Thu, Dec 28, 2017
Anil Ambani's Reliance Communication (RCom) emerged among the top performers on stock exchanges today. The company has struggled a lot to reach at this level.
Sensex crosses 34000 mark; telecom, realty led rally
Tue, Dec 26, 2017
Reliance Communication share closed 30.78% higher on the BSE, as Anil Ambani said debt of the company would come down
Anil Ambani announces debt revival plan for Reliance Communications
Tue, Dec 26, 2017
Ambani accepted that RCom had faced a lot of headwinds in the last few months with respect to NCLT petitions.
Reliance Communication shares surge, up 19%
Tue, Dec 26, 2017
Anil Ambani, chairman of RCom, is likely to make important announcement that may include company's debt recast plan.
Nearly half of Reliance Communications port-outs being gained by Airtel, says Sunil Bharti
Fri, Nov 24, 2017
With competition heating up in the telecom sector it has become a fight for 'survival of the fittest' operator. Here's what India's largest telecom operator's chairman has to say about its competition.
Future of Reliance Communication looks bleak, will exit from S&P BSE 200 index
Mon, Nov 20, 2017
RCom continues to face pressure from investors and analysts due to it’s heavy losses, net debt and rating downgrades. The company's total debt stood at Rs 45,000 crore by end of Q2FY18.
Moody's withdraws RCom's corporate family rating on "default"
Sat, Nov 18, 2017
According to Moody's website, a CFR applies to all affiliates under the management control of an entity to which it is assigned, whereas obligations rated 'Ca' are highly speculative and are likely in, or very near, default with some prospect of recovery in principal and interest.
Reliance Communications shares jump after new debt repayment plan
Tue, Oct 31, 2017
The company, with $6.8 billion of net debt as of last March, said it will look to repay 170 billion rupees ($2.62 billion) of loans by selling assets such as mobile towers.
Reliance Communication says merger with Aircel has lapsed; initiates alternate plan to cut debt
Sun, Oct 01, 2017
The company said that it already has the unique advantage of capital light access to Reliance Jio’s nationwide 4G mobile network through spectrum sharing and ICR Agreements.
How Jio, Airtel, Vodafone, Idea fare in TRAI Quality of Service survey
Wed, Aug 09, 2017
A survey conducted by TRAI in the regions of Karnataka, Delhi and MP showed the Quality of Service of all telcos in India.
Telecom sector debt levels to reach Rs 4.8 lakh crore in FY18
Mon, Jul 03, 2017
The telecom sector debt crisis is expected to widen in FY18 on the back of negative cash flows and weaker earnings.
Reliance Jio seeks CCI nod for spectrum sharing with RCom
Tue, Jun 20, 2017
Mukesh Ambani-led Reliance Jio Infocomm has sought CCI approval for the proposed spectrum sharing deal with younger sibling's Reliance Communications.
Despite getting debt payment relief, Moody's keep "negative" outlook for RCom
Tue, Jun 06, 2017
On June 2, Anil Ambani led RCom, addressing a press conference, said that the company presented its debt payment plan to its lenders who approved it given the company time till December 2017 to pay the loans due.
Telecom industry's cash deficit at Rs 1.2 lakh crore, says Reliance Communication
Sun, Jun 04, 2017
Intense tariff war and high taxes are expected to squeeze Indian telecom operators, leaving a gaping Rs 1,20,000 crore deficit between the industry's earnings and its debt/payment commitments this year, says debt-laden Reliance Communications.
Anil Ambani to address media today on rising RCom's debt; shares in red
Fri, Jun 02, 2017
Reliance Communication reported a loss of Rs 948 crore in Q4FY17, hit by intense price war among telecom operators after Jio's entry.
Reliance Communications assures lenders of Rs 25,000 crore payment in four months
Tue, May 30, 2017
Reliance Communications' shares continue to trade lower as the company hinted as pleading to the government to defer spectrum payments. Telecom sector as a whole too has demanded this with Airtel voicing similar concerns earlier.
Facebook rolls out 'Express Wi-Fi' in India, partners Airtel
Thu, May 04, 2017
"India's population is about 1.3 billion people, but only 390 million are connected to the Internet. Express Wi-Fi is part of our global initiative and we want to expand Internet connectivity to underserved locations," Facebook Asia Pacific Head of Connectivity Solutions Munish Seth told PTI.
RCom shareholders approve demerger of tower business
Tue, May 02, 2017
RCom, in a BSE filing said, “The shareholders of Reliance Infratel Limited (RITL) – a subsidiary of Reliance Communication at their meeting held on April 29, 2017, have approved with 98% majority the scheme of arrangement for demerger of the tower division of the RITL into Towercom Infrastructure Private Limited (TIPL).”