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.
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
A bench headed by Chief Justice HL Dattu issued notice to Reliance Infratel on an appeal filed by the commissioner of service tax alleging service tax evasion to the tune of Rs 307 crore by the Anil Ambani company.
Telecom operator Reliance Communications is planning to roll out a 3G ICR-like roaming agreement to continue 2G service in Bihar, West Bengal and Assam after its right to use 2G spectrum expires in December.
The Cabinet cleared spectrum trading guidelines on Wednesday under which telecom operators will be able to sell radiowaves to other service providers, a move that will help address the problem of spectrum shortage.
The share price of telecommunication companies like Bharti Airtel, Idea Cellular and Reliance Communication opened higher after the govenrment on Wednesday allowed telecom operators to share airwaves in the same band.
Reliance Communications has revived a plan to sell a 51 percent stake in its tower unit, attracting early interest from U.S. private equity firms as well as domestic and American industry players, two sources with direct know