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Tag "Reliance Communications"

RCOM, Jio extend validity of asset-sale deal to June 28

RCOM, Jio extend validity of asset-sale deal to June 28

🕔06:38, 1.Jan 2019

New Delhi, Jan 01  Reliance Communications (RCOM) and Reliance Jio on Monday announced the extension of their agreement for selling RCOM’s wireless infrastructure including towers, fibres and spectrum to the Mukesh Ambani-led Reliance Jio. The decision comes amidst the pending

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SC grants huge relief to RCOM, clears asset sale to Reliance Jio

SC grants huge relief to RCOM, clears asset sale to Reliance Jio

🕔06:59, 4.Aug 2018

New Delhi, Aug 4  In a major relief to Reliance Communications (RCOM), the Supreme Court on Friday cleared the sale of its assets to Reliance Jio. Accordingly, RCOM’s Special Leave Petition (SLP) was cleared by the Supreme Court. This allows

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In boost to RCOM, Supreme Court clears decks for sale of assets

In boost to RCOM, Supreme Court clears decks for sale of assets

🕔13:26, 6.Apr 2018

New Delhi, April 6  In a relief to Reliance Communications (RCOM), the Supreme Court on Thursday cleared the decks for the sale of its assets, including spectrum, to Reliance Jio Infocomm as it vacated a stay granted by the High

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RCOM gets bond holders’ approval to sell assets to Reliance Jio

RCOM gets bond holders’ approval to sell assets to Reliance Jio

🕔19:37, 21.Mar 2018

Mumbai, March 21  Reliance Communications (RCOM) on Wednesday said its bond holders have approved the sale of its assets to Reliance Jio Infocomm. The holders of the company’s $300 million bonds further approved the monetisation of other real estate assets,

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RCOM’s loss reduces by over 95% in Q3

RCOM’s loss reduces by over 95% in Q3

🕔10:14, 30.Jan 2018

New Delhi, Jan 30 Reliance Communications’ (RCOM) loss came down substantially in the third quarter of 2017-18 by over 95 per cent as the company exited from the consumer business, a company statement said here on Monday. The company posted loss

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RCOM’s decision to monetise wireless assets a good development: SBI Chairman

RCOM’s decision to monetise wireless assets a good development: SBI Chairman

🕔12:57, 29.Dec 2017

New Delhi, Dec 29  A day after Reliance Communications (RCOM) announced it was selling its wireless assets to Reliance Jio, State Bank of India Chairman Rajnish Kumar on Friday termed it a good development and would hopefully set an example

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RCOM debt cut by Rs 25K cr to Rs 6K cr by monetising assets: Anil Ambani

RCOM debt cut by Rs 25K cr to Rs 6K cr by monetising assets: Anil Ambani

🕔10:21, 27.Dec 2017

Mumbai, Dec 27  Reliance Group Chairman Anil Ambani on Tuesday said the company has achieved full resolution of Reliance Communications’ (RCOM) debt, reducing it by Rs 25,000 crore to Rs 6,000 crore by monetising assets. “We have achieved full resolution that

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RCOM inducts new directors to its board

RCOM inducts new directors to its board

🕔10:13, 3.Oct 2017

Mumbai, Oct 3  Reliance Communications (RCOM) on Monday announced the expansion of its board of directors by inducting four senior executives. According to RCOM, the decision was taken by its Board of Directors at a meeting held here on Monday.

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Reliance Communications’ Q4 net up at Rs177 crore

Reliance Communications’ Q4 net up at Rs177 crore

🕔11:07, 31.May 2016

New Delhi, May 31  Reliance Communications has posted net profit of Rs177 crore for the fourth quarter (Q4) of 2015-16, a company statement said here on Monday.“The net profit was at Rs177 crore, up 3.5 per cent from Rs171 crore

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Reliance Communications plea to buy Sistema admitted

Reliance Communications plea to buy Sistema admitted

🕔13:45, 8.Feb 2016

Mumbai, Feb 8 The Bombay High Court has directed Reliance Communications to convene a shareholders’ meeting on March 8 to take up the issue of merging Sistema Shyam Teleservices into its fold, while admitting an application in this regard.“Reliance Communications

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Reliance Communications pays Rs.5,384 crore for spectrum plan

Reliance Communications pays Rs.5,384 crore for spectrum plan

🕔15:55, 20.Jan 2016

Mumbai, Jan 20  Reliance Communications on Wednesday said it has paid Rs.5,383.84 crore to the government as fee toward spectrum sharing and trading in 16 circles for the 800-850 MHz band, two days after it announced a pact on this

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Reliance Communications, Jio announce spectrum pact

Reliance Communications, Jio announce spectrum pact

🕔13:21, 18.Jan 2016

Mumbai, Jan 18  The communications services companies of the two Ambani brothers on Monday announced agreements for trading and sharing of scarce airwaves, or radio frequency spectrum, in the 800 MHz band, covering virtually the entire country. A roaming agreement

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Reliance Communications in Rs.22,000-crore towers deal

Reliance Communications in Rs.22,000-crore towers deal

🕔11:22, 5.Dec 2015

New Delhi, Dec 5  Industrialist Anil Ambani-led Reliance Communications on Friday announced the signing of a non-binding pact with the US-based Tillman Global Holdings and TPG Asia to sell its nationwide tower assets and related infrastructure for an undisclosed amount.According

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Reliance Communications to acquire Sistema Shyam Teleservices

Reliance Communications to acquire Sistema Shyam Teleservices

🕔14:20, 2.Nov 2015

Mumbai, Nov 2  Industrialist Anil Ambani-led Reliance Communications on Monday announced a definitive agreement for the merger of Sistema Shyam Teleservices into its fold in a unique stock-cum-spectrum fee payment deal, triggering a major consolidation in India’s telecom space.“As result

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Reliance Comm partners Jasper to deliver Internet of Things across India

Reliance Comm partners Jasper to deliver Internet of Things across India

🕔15:32, 27.Aug 2015

New Delhi, Aug 27  Reliance Communications (RCom), part of the Anil Ambani-led group, has partnered with global Internet of Things (IoT) platform leader Jasper to enable enterprises throughout India to launch, manage and monetise next-generation IoT businesses, the company said

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Spectrum auction sees bids of Rs.77,000 crore at end of day three

Spectrum auction sees bids of Rs.77,000 crore at end of day three

🕔09:52, 7.Mar 2015

New Delhi, March 7  Day three of the e-auction of radio frequency spectrum, or airwaves, with the eight companies in the fray made an offer for Rs.77,000 crore at the end of the 17th round, the government said on Friday.

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Reliance Communications Q3 net up 31 percent

Reliance Communications Q3 net up 31 percent

🕔11:08, 14.Feb 2015

New Delhi, Feb 14  Reliance Communications (RCom), a part of the Anil Ambani-led group, posted consolidated net profit of Rs.201 crore for the third quarter of 2014-15, up 31 percent from the second quarter of this fiscal, a company statement

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Facebook rings Reliance Communications for free data access

Facebook rings Reliance Communications for free data access

🕔14:07, 10.Feb 2015

Mumbai, Feb 10  Reliance Communications, a part of the Anil Ambani-led group, Tuesday said it has been roped in by Facebook to offer free access to data and web sites to customers through the social networking site’s global digital inclusion

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Reliance Comm signs $1 bn managed services deal with Ericsson

Reliance Comm signs $1 bn managed services deal with Ericsson

🕔15:45, 5.Dec 2014

New Delhi, Dec 5  Reliance Communications (RCom) has signed a seven-year full-scope managed services agreement worth $1 billion with Ericsson to operate and manage their wireline and wireless networks across India, a statement by the latter said here Friday. Swedish

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Reliance Comm launches TalkLoan for pre-paid GSM customers

Reliance Comm launches TalkLoan for pre-paid GSM customers

🕔09:16, 25.Nov 2014

New Delhi, Nov 25  Reliance Communications, part of the Anil Ambani-led group, has launched TalkLoan service for its pre-paid GSM customers to allow them make urgent calls in case of insufficient balance, the company announced. “TalkLoan is an innovative solution

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