With the addition of 4,000 employees, the RCom staff strength is estimated to rise to 9,500
Pointing out to the 133-acre Dhirubhai Ambani Knowledge City on the outskirts of the financial capital, he said there is huge realty play opportunity that RCom's erstwhile corporate headquarters possesses, and pegged the potential value creation at the site at Rs 25,000 crore.
According to the agreement, Microsoft will offer Windows Mobile solutions to RCom customers, including push e-mail support, chat, photo-sharing, content back-up and other applications, RCom said.
The telecom industry is moving towards a five-plus one model.
Telecom services provider Reliance Communications (RCom), in a consortium led by IT firm HCL Infosystems, is believed to have bagged the Rs 300 crore (Rs 3 billion) contract for government's national identity card programme, Aadhaar.
The dual-technology operator plans to divert its mobile customers and those who use mobile internet to the GSM side of its business, and devote the CDMA business exclusively to dongles.
New customer additions by Reliance Jio and Bharti Airtel pushed the Indian telecom subscriber base past 120.5 crore in June, according to a Trai report released on Tuesday. The wireless subscriber base grew marginally to over 117 crore and wireline connections in the country increased to 3.51 crore in June from 116.89 crore and 3.47 crore, respectively, in May, as per data released in Trai's subscriber report for June.
Further deleveraging needed to cut net debt and sustain operational improvement
DoT decides not to scrap dual-technology telecom licences
Reliance Communications' third entry into the telecom business, starting with the time it was run under a different name when the Ambanis were an undivided group, has predictably got the mobile industry in a tizzy.
The intra-city cable leasing deal will give RCom Rs 1,200 crore, which will be used to clear some of its debt.
In its offer, that comes days after RIL invoked the arbitration clause under the non-compete agreement and asked RCOM to start conciliation as part of the process, Reliance Communication proposed to meet 'RIL in week of 14th July to clarify any doubts'. RCOM sources said that neither there was any dispute nor occasion for conciliation process and said that communication to RIL makes it clear that the company reserved the rights to take all actions as legally advised.
RCom intends to utilise the proceeds of the proposed transaction to reduce its debt.
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The existing shareholders will get one RPL share for each RCom share (of Rs 130 market price) held.
RCom and Aircel have permits for 3G services in 13 out of 22 service areas while Tata Teleservices has permit in 9 circles.
Reliance Communications is believed to be in advanced talks with Canadian firm Iseemedia Inc for mobile mail gateway agreement that will provide email facilities to low-end handsets.
The amount from securitisation has been utilised to repay rupee debt, saving significant interest costs for the company.
DoT had raised the demand on December 22 and asked RCom to pay within a month.
According to sources in the know, Anil Ambani-led RCom will be providing all infrastructure - towers, fibre, backhaul as well as its national and international long distance facilities-- to RIL's high-speed broadband services.
The Telecom Regulatory Authority of India (Trai) has given its recommendations on the much-awaited issue of spectrum sharing.
The government has asked the Telecom Regulatory Authority of India (TRAI) to speed up its responses on the allegations that Reliance Communications (RCom) has violated revenue reporting norms. The government will also appoint a special auditor to scrutinise RCom's books.
The government has raised over Rs 38,300 crore (Rs 383 billion) from the 16-day long auction for Broadband Wireless Access spectrum, which closed on Friday.
For Rs 39, customers can talk for 300 minutes anywhere in India and worldwide
It offers a discount of up to 96 per cent on data and and up to 92 per cent on call charges.
Anil Ambani-led Reliance Communications on Saturday reacted sharply to rival Bharti Airtel's statement that others have equal opportunity to succeed, saying "if Bharti honestly believes in competition, it should welcome entry of RCom and other new players in GSM" segment.
Firming up its plans to rollout direct-to-home (DTH) television services, telecom firm Reliance Communications (RCom) has booked capacity on Malaysian satellite system, MEASAT-3. The deal size could not be confirmed, while it is understood that the deal is signed for around 15-20 years. RCom has booked four transponders, with an option to add four transponders after a year on MEASAT-3.
Reliance Communications (RCom) and Reliance Industries (RIL) were the top losers among Sensex stocks on Thursday, after a research report by Canada-based equity research firm Veritas made damning accusations against their managements.
Reliance Communications (RCom) and Reliance Industries (RIL) were the top losers among Sensex stocks on Thursday, after a research report by Canada-based equity research firm Veritas made damning accusations against their managements.
In the third infrastructure sharing agreement between firms run by brothers Mukesh and Anil Ambani, Reliance Industries' telecom arm has agreed to use Reliance Communication Ltd's intra-city fibre network to roll out 4G services.
RCom had reported net debt of around Rs 37,360 crore (Rs 373.6 billion) as on December 31, 2012.
Two brothers have begun collaborating in certain businesses.
The company has defaulted on some of the payments to lenders and it has received time till December for strategic restructuring plan
Idea cellular trebled its share in the Mumbai market, albeit on a low base. RCom, for its part added five million (including GSM) subscribers during the month, numbers that have both surprised and confounded the market.
Anil Ambani group firm Reliance Communications will acquire Digicable, the country's largest cable TV service provider, in an all-stock deal believed to be worth about $1 billion.
The debt resolution involves RCom exiting the SDR framework with no conversion of debt into equity and zero write-off by lenders, Anil Ambani said, adding that he expects full closure by March 2018.
RCom is expected to have a 50% stake, Aircel 40% and MTS 10%
Leading telecom players like RCom, Tatas, Vodafone and Idea Cellular failed to bag a single circle for Broadband services, saying the BWA spectrum price was too high to make a viable business case.
Extending its new device plus data plan to more smartphones, the operator is keen to capture the youth's attention.
Delhi HC has refused to stay the process of spectrum allotment to RCom, giving a major setback to GSM operators.
Spectrum trading will happen in 9 circles.
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