The shareholders of Reliance Communications approved the demerger of the wireless operations of the company into Aircel Limited and Dishnet Wireless Limited, the Anil Ambani Group company said. The Scheme was also approved at a meeting called on the directions of the National Company Law Tribunal. The shareholders of Aircel Limited also approved the scheme on April 22nd. […]
Free services from Reliance Jio, the telecom services arm of Reliance Industries, brought down the amount of money paid by telecom subscribers in India by about Rs 4,400 cr in just the last three months of 2016, an analysis of the sector data revealed. The numbers indicate that the company’s free offers have helped Indians save a […]
Anil Ambani Group said the Competition Commission of India has cleared the merger of its telecom unit Reliance Communications with the wireless operations of Aircel Cellular, owned by Maxis Berhad of Malaysia. The clearance was expected since the two companies have very small market shares. The deal had got approval from the Securities and Exchange […]
Reliance Communications, the telecom arm of Anil Ambani Group, has unveiled what is probably India’s cheapest 3G data plan. The company said its subscribers will get 0.5 GB of data every day for 28 days if they recharge with Rs 99. If they are in a non-3G circle, they can recharge with Rs 49 to […]
Anil Ambani’s Reliance Communications Ltd is about to announce a deal under which it will offer 3GB of 4G or 3G data for Rs 149 as well as unlimited on-net calls. It will also announce a competitor to others’ daily limit plans. Its unlimited daily plan will be applicable to 3G users as well. The […]
Reliance Communications Ltd announced the signing of binding agreements with Brookfield Infrastructure for the sale of nationwide tower assets to Brookfield Infrastructure Partners LP and its institutional partners. RCOM will receive an upfront cash payment of Rs. 11,000 crore (US$ 1.6 billion). RCOM will also receive Class B non-voting shares in the new Tower company, […]
Fitch Ratings has downgraded India-based Reliance Communications Limited’s long-term rating to ‘B+’ from ‘BB-‘. “It is our view that Rcom’s plans to demerge its wireless business into a 50:50 joint-venture and sell 51% of its tower business, Reliance Infratel Ltd (Infratel), will be negative for Rcom’s creditors, even if receipts from the tower transaction are […]
Aircel today started offering unlimited calls to any number in the country under two special recharge plans — Rs 12 for one day and Rs 249 for 28 days. RC12 offers customers with Unlimited Local and STD calling across all networks with a validity of one day. Unlike earlier packs, the calls are not restricted […]
Days after Reliance Communications unveiled a plan that offers unlimited calls at Rs 150 per month, India’s biggest telecom operator has come up with something very similar to take on both RCom, Reliance Jio and an upcoming plan from BSNL. Bharti Airtel has announced two new plans — one that offers unlimited Airtel to Airtel […]
TRAI data has finally confirmed what we had first reported two months ago — RCom lost the vast majority of its CDMA subscribers when it forced them to migrate to 4G five months ago. Out of around 101 mln RCom subscribers at the time, about 24 mln are estimated to have been on CDMA technology. […]
The Supreme Court on Monday dismissed the petition filed by the Income-Tax Department against Reliance Communications on taxing of the proceeds of Foreign Currency Convertible Bonds (FCCBs), said the telecom operator. The Supreme Court order has quashed contingent tax liability of RCOM for about Rs 4,800 crore. During Financial Year 2006-07, Reliance Communications had issued […]
In what can only be called a highly disruptive move, Anil Ambani’s Reliance Communications has made all voice calls in India free for those who recharge with a coupon of Rs 149 per month. The impact of the move will be greater than that of Reliance Jio’s similar tariff, as this tariff is valid on […]
Reliance Communications, which will merge its wireless operations with Aircel in the coming months, has released its international calling app Reliance Global Call in India. Somewhat similar to the Jio4G Voice app, the app helps you make international calls using RCom’s network using your data connection. Call rates are as low as Rs 1.4 per […]
Anil Ambani Group’s Reliance Communications has seen a sharp fall in its subscriber numbers after the migration of its CDMA network to LTE. According to the latest numbers released by the company, the total number of voice customers fell by 11.6% in the three months from June to September. Voice revenue fell 8.3% from the […]
Reliance Group on Tuesday launched its Internet-of-Things offering Unlimit. IoT is jargon for a connected world in which appliances and equipment are connected to the Internet and managed remotely. Reliance Communications had announced an IoT partnership Jasper Technologies, later taken over by Cisco Systems Inc, last year. Separately, the company said it will soon add […]
Anil Ambani Group’s Reliance Communications is all set to make a ‘major announcement’ in Mumbai tomorrow, the company said in an invite for journalists. Though the exact nature of the announcement was not revealed, it is being suggested that the company is likely to unveil something related to its ongoing merger with Aircel Cellular, even though the invite sounds […]
Anil Ambani group’s Reliance Digital DTH may be rebranded to ‘Chois HD’, according to a twitter user, who also tweeted some photographs of the upcoming brand. Reliance Communications’ Reliance Digital is arguably the weakest candidate among the five private companies that compete in India’s DTH space. The DTH business is dominated Dish TV, Tata Sky, […]
Anil Ambani-promoted Reliance Communications has agreed to sell its tower assets to Brookfield Asset Management. RCOM will receive an upfront cash payment of Rs. 11,000 crore from the proposed transaction. It has signed a non-binding Term Sheet with Brookfield Infrastructure Group in relation to RCOM’s nationwide tower assets and related infrastructure. Under the Term Sheet, […]
Reliance Communications said its merger with Sistema Shyam Teleservices has been approved by the Bombay High Court. The Anil Ambani company is merging with SSTL, which operates telecom services under the MTS brand in India. After the merger, RCom shareholders will hold 90% of the resulting entity, with the remaining held by MTS. After this […]
Reliance Communications said its CEO Vinod Sawhny resigned with immediate effect for personal reasons. “We wish to inform you that the Company has accepted request of Mr. Vinod Sawhny to step down as Chief Executive Officer of the Company with effect from September 30, 2016 to enable him and his family to relocate to New […]
