Post the two transactions, RCom's gross debt burden of Rs 42,651 crore, should be meaningfully lighter; currently, RCom's debt to ebitda is 5.8 while that of Bharti Airtel is 2.8 times and for Idea Cellular, 3.1 times
Reliance Communications shares rallied as much as 7.24 per cent intraday on the National Stock Exchange on Wednesday after the foreign institutional investors (FII) bought nearly 1 per cent stake in Anil Ambani Group telecom
Telecom operator Reliance Communications today said it expects to cut down its debt by 75 per cent through merger of MTS, Aircel and sales of mobile towers.
Reliance Communications shares slid nearly 4 per cent on Tuesday after the company reported a 22.37 per cent fall in the consolidated net profit at Rs 177 crore for quarter ended March 31, 2016 on account of rise in expenses.
Reliance Communications (Rcom) today reported a 22.36 per cent drop in consolidated net profit to Rs 177 crore for the quarter ended March 31 on account of rise in expenses.
In process to merge with bigger rival Reliance Communications, Russian giant Sistema's Indian telecom arm SSTL today said cost of spectrum is "very high" in India and it is too tough for it to keep investing here.
Reliance Communications (RCom) today said the company and Aircel has decided to extend by 30 days the discussion period for the possible merger of the two telecom operators.
Telecom stocks such Idea Cellular, Bharti Airtel and Reliance Communications pared their initial losses after the Supreme Court quashed a TRAI order on compensating consumers for call drop.
Reliance Jio Infocomm will launch commercial operations in coming months as its test programme has established smooth operations of all aspects of the network, company's parent Reliance Industries (RIL) said today.
Anil Ambani-led RCom is believed to be leveraging spectrum sharing pact it had signed with his elder brother Mukesh Ambani-led Reliance Jio Infocomm for 4G services. The company will deploy its own 4G network and pre-dominant
Moody's Investors Service has changed the outlook of Reliance Communications (RCom) to negative from stable as there are persistent delays in the company's sale of non-core assets.
Reliance Communications (RCom) today said fair trade regulator CCI has given nod to its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL) that operates under the MTS bra
Telecom operator Reliance Communications has enhanced its annual investment to Rs 4,000 crore with focus on 3G services while it ended 2G service in five circles including Bihar, West Bengal and Assam.
