Reliance Communications
Reliance Communications deal with Aircel likely by June
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
Debt reduction delay straining Reliance Com’s credit profile: Moody’s
Delay in deleveraging plans specially mobile tower sale to reduce debt is keeping financial and credit profile of Reliance Communications strained...
Reliance Communications surges over 7% after FII buys around 1% stake
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
Reliance Communications looks to cut debt by 75 per cent with Aircel, tower deal
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 plunge 4% as Q4 net profit dips 22%
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 net profit dips 22% to Rs 177 cr
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.
Spectrum cost very high in India, says Sistema
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 Comm extends merger talks with Aircel by 30 days
Anil Ambani-owned Reliance Communications on Saturday said it has extended, by another 30 days, the exclusivity period to continue...
Reliance Com, Aircel merger talks extended again by 30 days
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.
Idea Cellular, Bharti Airtel, Reliance Comm shares recover after SC order on call drop
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 to launch commercial ops soon; 500,000 users ‘onboarded’, reaction encouraging, says RIL
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.
RCom to upgrade all CDMA customers to 4G network from May
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 lowers rating of Anil Ambani’s RCom, here’s why it did it
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 Com gets CCI go-ahead to acquire Sistema’s MTS
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
Reliance Com ups annual investment to Rs 4,000 crore stops 2G in 5 areas
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.
Reliance Communication pays Rs 5,383.84 crore as spectrum liberalisation fee to DoT
Reliance Communications today said it has paid Rs 5,383.84 crore as spectrum liberalisation fee to DoT for radiowaves in the 800/850 MHz band held by it in 16 telecom circles.
Reliance telecoms unit to raise $2.2 billion via rights issue of shares
Reliance Industries Ltd's telecommunications unit said its board had approved a plan to raise 150 billion rupees ($2.2 billion) via rights issue of shares to existing shareholders, ahead of an expected launch of its services
4G: Anil, Mukesh Ambani telecom firms in pact for spectrum trading, sharing
Mukesh Ambani-led Reliance Jio signed strategic partnership agreement with Anil's Reliance Communications to share spectrum for providing high-speed telecom services.
Underweight rating on Reliance Communications: Fighting hard for its relevance
Reliance Communication (RCom, UW) has announced several newsworthy corporate actions in the recent past.
Reliance Communications, Reliance Jio Infocomm to sign spectrum sharing/trading deal next week
Reliance Communications (RCom) and Reliance Jio Infocomm (RJIL) are likely to sign spectrum trading and sharing agreements next week.
RCom shares gain on mobile business merger talks with Aircel
RCom shares gained over 4 per cent intra-day on Tuesday after the company announced that it is in talks with shareholders of telecom operator Aircel for a potential merger
RCom in talks with Aircel to merge their wireless businesses
Telecom service provider Reliance Communications (RCom) on Tuesday announced that it is holding exclusive talks with Aircel to consider the potential combination of the Indian wireless business of RCom and Aircel.
Top 8 stocks that remained in focus today: Reliance Communications, NBCC and more
Reliance Communications share price closed 2.39 per cent up at Rs 85.70 after it said that it is in talks with shareholders of telecom operator Aircel for a potential merger of the wireless or mobile businesses of the two com
RCom sells 150 flats in Navi Mumbai for Rs 330 cr
The company has a total debt of about Rs 35,254 crore
Tower business sale to improve Reliance Com’s financial profile: Moody’s
Reliance Communications' deal to sell its tower business, when consummated, will substantially improve the telecom major's financial profile, Moody's Investors Service said today.
Reliance Communications to sell tower, optic fibre business to PE firms for Rs 30,000 cr
Reliance Communications said the realisation of the deal proceeds would help bring down its interest cost by 75 per cent to Rs 600 crore a year.
Reliance Communications to sell entire stake in Reliance Infratel
Reliance Communications (RCom) is close to finalising a deal to sell its entire stake in tower unit Reliance Infratel, sources aware of the development said.
