Vodafone has come forward and allowed users of Reliance Communications to use its network if they want to generate their MNP code. The MNP code so generated can be used by the RCom subscriber to port to any operator in India, including Vodafone. This will help those Reliance Communications’ customers who are unable to generate […]
Reliance Communications said it is in talks with several parties, including Brookfield Asset Management, to sell its tower assets. “The Company is renegotiating the tower transactions with all the interested parties including Brookfield Infrastructure Group,” it said. The clarification comes after reports that Brookfield had withdrawn from the tower deal completely sent RCom’s shares plunging […]
Reliance Communications could ink more spectrum selling and sharing agreements with Mukesh Ambani-controlled Reliance Jio, Fitch Ratings said, adding that the Anil Ambani company would end up as a mobile virtual operator after its ongoing restructuring. Rcom “plans to monetise spectrum assets in the 800MHz, 900MHz, 1800MHz and 2100MHz bands by sharing and trading with […]
Reliance Communications today said that it was ‘optimizing’ its 2G and 3G networks in the light of its decision to focus on 4G, but also dropped a hint it may use the towers and infrastructure to later launch its own, fully-owned 4G network. At present, it depends on Reliance Jio for delivering 4G services and […]
Reliance Communications, the telecom arm of the Anil Ambani Group, has got moving on its announced strategy of becoming a 4G-only operator by shedding its GSM and 3G operations. According to industry sources, the company has been re-allocating its staff to the 4G division and gradually switching off GSM cell sites. The GSM network could […]
Reliance Communication Ltd said it received the approval of Department of Telecommunication (DoT) for its merger with Sistema Shyam Teleservices Limited or SSTL, which runs MTS branded services in India. With this, the Anil Ambani Group company has received all the major regulatory approvals for the merger. The closure of the transaction is expected by […]
Reliance Digital TV, the DTH arm of the Anil Ambani Group, is scheduled to shut down next month, according to the photo of an advertisement that allegedly appeared in a regional newspaper. The DTH service has around 5 mln (50 lakh) subscribers. “This is a notice to all subscribers of Reliance Digital TV,” the advertisement […]
Reliance Communications said it has filed with the National Company Law Tribunal to withdraw its demerger scheme for its tower assets. The move follows the cancellation of its plans to merge with Aircel Cellular due to regulatory issues. The company Anil Ambani-led company had said that since the merger with Aircel was cancelled, the deal […]
Reliance Communications inducted its CEO and the president of its telecom business into its board of directors. Punit Garg, President, Telecom Business and Chief Financial Officer V Manikantan have been appointed as non-indepedent directors on the company board. The move comes after the company’s plans to merge with Aircel Cellular fell through and the company […]
Reliance Communications, which announced it was abandoning plans to merge with Aircel Cellular, indicated that it would focus on two segments – 4G and wired. Within wired, it would focus on enterprise services. The disclosure indicates that the company, — which recently shut down its GSM network in Gujarat — could close more and more […]
The Telecom Regulatory Authority of India has asked Anil Ambani-led Reliance Communications to generate unique porting codes for all its 43.62 lakh GSM subscribers in Gujarat and send it to them by SMS. It has also granted an exemption to the 90-day lock-in rule for new customers who joined RCom or those who ported into […]
Reliance Communications said it has asked subscribers in Gujarat to move to its 4G network as its 2G spectrum in the state is expiring at the end of this month. “The Company has initiated migration of its customers in Gujarat circle to an all 4G network, prior to expiry of 2G spectrum in that circle […]
Netflix, the world’s biggest distributor of movies, ranked Mumbai-based 7 Star cable network and Spectranet, which offers fiber broadband in several cities, as the fastest networks for prime time usage. The average speed available to Netflix was 2.77 Mbps on 7 Star cable and 2.69 Mbps on Spectranet in June, the movie streaming company’s ratings […]
Telecom operator Reliance Communications said companies in the sector are facing cash flow issues due to what it called a ‘go slow’ approach taken by banks in disbursing loans. In an update on its ‘standstill agreement’ with its lenders, which provides it a window of seven months to complete a merger with local units of […]
Reliance Communications launched a virtual private network service over its 4G service for the use of businesses. VPNs use software to create a virtual tunnel between two or more end points on the Internet. Since these are not a real private networks — which would require dedicated connection between different end points — they offer […]
Shares of Reliance Industries rose 3.5% today — an extraordinary move for such a large company — after it emerged that not only did the company not lose subscribers when it made the transition from free to paid services in April, it actually added a few million. The result was that the new entrant had […]
Anil Ambani-led Reliance Communications said it disagrees with the decision of agencies Moody’s and Fitch to downgrade the company’s credit rating based on its ‘standstill agreement’ with its lenders. Shares of RCom fell 4% to Rs 19.30 on the National Stock Exchange today as a result of the ratings action yesterday. “We respectfully disagree with […]
Sun Direct, the DTH arm of Sun TV, could end up benefiting from the financial troubles faced by Anil Ambani Group’s Reliance Communications. Speaking to media yesterday, Reliance Communications top honchos said the company was looking at various ways to reduce debt, including a sale of its DTH business. However, DTH services are notoriously difficult […]
Anil Ambani Group’s telecom arm Reliance Communications said it has ‘formally’ communicated to its lenders that it will pay an amount of Rs 25,000 cr to them on or before Sept 30. The latest statement from the telecom operator comes as a way of reassuring investors and lenders that it is serious about paying back […]
Anil Ambani Group’s Reliance Communications said it was in talks with its lenders and partners to put off some of the instalment payments that the company had to pay until the completion of its merger with Sistema Shyam Teleservices and Aircel Cellular by September this year. “RCom is presently engaged in discussions with its lenders […]
