Reliance Communication has launched 'Classic 732' at a price of Rs 999, the lowest in Indian market. Earlier in May, the company had launched the Classic monochrome phones at a price of Rs 777.
Idea, the country's sixth-largest mobile operator was the biggest gainer in the first eight days of mobile number portability (MNP) being launched across the country.
Under the pact, Mukesh Ambani-led Reliance Industries' telecom arm will hire nationwide optical fibre network of Reliance Communications for rollout of 4G services.
As per the company website, Reliance Globalcom owns undersea cable system spanning 65,000 km, which connects 40 business markets in India, Middle East, Asia, Europe, and the US.
The government has sent show-cause notices to 5 telecom firms including Reliance Communications and Tata Teleservices for alleged understatement of revenues of over Rs 10,000 crore.
Also mandates pursuing other consolidation options.
Indian telecommunications companies are ringing louder. Bharti Airtel and Reliance Communications are among the big league of gloal telecom companies.
The staggering Rs 35,000-crore (Rs 350-billion) debt of RCom makes it the most indebted telco in the country, and constitutes nearly 10 per cent of the industry's debt of Rs 3.5 trillion.
The Jio-Bharti battle will not just be limited to mobile telephony but will extend to the fibre to home space too.
There was an under reporting of Rs 1000 crore (Rs 10 billion) to Rs 1500 crore (Rs 15 billion) by the telecom firms, to avoid payment of licence fee, and the government may have lost about Rs 250 crore (Rs 2.5 billion) because of this, telecom minister A Raja said during Question Hour.
The network sharing agreement is the start of a new era of partnership between the brothers. More deals on sharing towers and intra-city fibre network are likely.
Anil Ambani-led Reliance Group on Thursday signed an agreement with China's retail player Wanda Group to set up a joint venture for building integrated township projects in India.
The company said with the pack, customers can access data at Rs 10 per MB on international roaming while the base tariff is Rs 614.4 per MB. Outgoing voice calls to India can be made for Rs 40 per minute as compared to the base tariff of Rs 165 per minute.
Noting that Indian firms face a high risk of mark-to-market losses due to a volatile forex market, a brokerage firm has named telecom major Reliance Communications and auto giant Tata Motors among five blue-chip companies estimated to have suffered the most during 2008-09.
Telecom major Reliance Communications on Thursday launched what the company said would be the fastest wireless internet service in the country to date.
"RCOM and MTN have agreed to continue their negotiations in relation to such potential business combination, and have extended the period of exclusivity until July 21," RCOM said. "It is to be noted that there is no certainty either on completion, or the timing of the said proposal," the statement added.
'While investors in Reliance have had to play a game of patience for long stretches, for Anil the challenge is to do what used to be his brother's forte -- generating cash by putting assets in the ground and making things,' says T N Ninan.
Ambani termed COAI's appeal to the telecom tribunal against the government granting RCom dual-use technology (CDMA and GSM) as "unnecessary and unwarranted". RCom, the country's largest provider of CDMA mobile services, recently received permission to start GSM services under its existing licence for which it paid a fee of Rs 1,651 crore (Rs 16.51 billion).
Telecom Minister Kapil Sibal tried to put up a brave front over the allegations levelled against him of causing loss to the government by favouring an Anil Ambani-led company.
The telecom regulator in the second ultimatum to GSM operators, including Bharti, Vodafone and BSNL, has given August 21 as the deadline to give interconnections to the RCom GSM network. Trai has cited it as a licencing condition to provide interconnection among the service provider implying if a mobile operator does not give interconnection to another based on mutual commercial agreement, it is a violation of license condition attracting penalty.
Anil Ambani group firm Reliance Communications on Monday said news reports that it was acquiring the English Premier League club Newcastle United for an estimated 260 million pounds were false and baseless.
The company said it becomes the first operator in the country to partner with Twitter on the new 'Twitter Access' programme.
At present, Reliance is in exclusive talks with MTN with respect to a potential combination of their businesses. The exclusivity talks period of 45 days started on May 26. The due diligence is currently in the final stages and is likely to be concluded anytime. Industry sources said MTN top brass, including Azmi Mikati, chief executive of the investment unit that is MTN's second-largest shareholder and Phuthuma Nhelko, chief executive of MTN are positively inclined to it.
This effectively means MTN will not talk to other potential bidders while discussions are on with the Reliance Anil Dhirubhai Ambani Group company. MTN had not agreed to a similar exclusivity agreement with Bharti Airtel, with which talks broke down following differences over control of the combined entity.
Unabated selling in the banking, metal and capital goods stocks saw the index tumble to a low of 16,300 - down 349 points from its previous close. The Sensex finally ended with a loss of 301 points at 16,348. The market breadth was negative - out of 2,758 stocks traded, 667 advanced, 2,043 declined and 48 were unchanged on Monday. The NSE Nifty settled with a loss of 71 points at 4,875.
Anil Ambani group company Reliance Communications on Monday announced entering into an exclusive negotiations with South Africa's telecom giant MTN to discuss potential combination of their businesses.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Says, Jio unlikely to gain 2% revenue market share in 2017
RCom's employee cost declined by 20.7 per cent.
The Anil Ambani group company is in advanced talks with France Telecom for a branding, marketing and franchisee agreement. The company plans to launch the brand by the second quarter of FY09, according to sources close to the development. Initially, the Orange may be launched on RCom's CDMA network -- spanning across 23,000 towns and 5 lakh villages in India -- and later extended to its 8 GSM circles. The Indian company has a total of 44.5 million subscribers in India.
The Supreme Court on Friday slammed the government for not cancelling the licence of Reliance Infocomm for illegally tapping the telephone of politician Amar Singh on the basis of forged orders. "Why didn't you cancel the licence of the service provider? It's gross negligence. Either the service provider was doing this deliberately or because of its incompetence on the basis of a letter full of errors," said the apex court.
RComm will test launch its direct to home services Big TV this week, which would include some niche channels that are currently not available in India.
Speaking at a press conference in Kolkata organised by TDSAT, N K Mangla, head of the regulatory department of Reliance Communication, said, "We plan to have a customer capacity of 8 million or 55 per cent of the population in 2008." Reliance also plans to cover 95 per cent of highways, 93 per cent of railways, 6,000 towns and five lakh villages in 2008. Currently, the company has 22,000 towers.
This will be the country's largest order for telecom equipment and one of the world's biggest. The installed production capacity of GSM electronics worldwide is 250 to 300 million lines annually, suggesting that the order could account for more than 10 per cent of global production over the next three years.
The company has won the award under the 'Operator Leadership' category for having demonstrated leadership in the wireless community through the expansion of 3G CDMA system deployments and the unique implementation of 3G CDMA technologies in a specific market, a release issued by the company stated.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
Tata Teleservices and Reliance Communications have said that they had been denied extra spectrum even as the old GSM operators like Bharti, Vodafone and Idea were been allocated excess spectrum in many circles.
The company recently received permission to launch GSM services within its existing license and is awaiting allocation of spectrum, the radio frequency that enables wireless communications, from the government. CDMA and GSM services cannot be operated on the same spectrum.
Google is believed to be in talks to take on a lease of 500 GB bandwidth; this, according to industry sources, puts the deal size at around $80-100 million (Rs 320-400 crore).
Mumbai-based Reliance Communications increased voice call prices by about a fifth late last month and also increased the base tariff for voice calls.
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