RCom intends to utilise the proceeds of the proposed transaction to reduce its debt.
.jpg)
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.
For Rs 39, customers can talk for 300 minutes anywhere in India and worldwide
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.
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.
The company has defaulted on some of the payments to lenders and it has received time till December for strategic restructuring plan
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.
Two brothers have begun collaborating in certain businesses.
RCom had reported net debt of around Rs 37,360 crore (Rs 373.6 billion) as on December 31, 2012.
RCom is expected to have a 50% stake, Aircel 40% and MTS 10%
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.
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.
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.
Spectrum trading will happen in 9 circles.
Tata Teleservices said on Monday that it is unfair and incorrect to compare the company with dual technology operators like RCom and others as they had applied and got the approval even before the policy came into effect.
Delhi HC has refused to stay the process of spectrum allotment to RCom, giving a major setback to GSM operators.
Reliance Communications Ltd (RCom) on Friday announced the sale of 51 per cent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore.
Initially, RCom users will be able to create their own caller tunes and ringtones by uploading the content through RCom's web interface.
Deal to help RCom reduce debt, Sun gain subscribers in new markets
Lack of a commercial agreement between RCom and GSM operators is a major reason for the lack of inter-connectivity agreements. RCom is unwilling to re-negotiate the terms of interconnection and this is hindering interconnect issues, COAI said in a letter to Trai. However, there arises a need to 'mutually establish the technical and commercial terms of interconnection for RCom's new GSM network, and consequently establish the physical interconnectivity for the same,' it said.
ADAG company offers one-time subscription charge of Rs 25. To capture its share in the fast-growing GSM subscriber base, RCom has focused on the segment that provides less than Rs 300 as average revenue per user and launched its services at competitive prices.
RCom will use Motricity's m-Core platform to deliver advanced services and applications on its 3G, GSM and CDMA mobile platforms.
South African major to make open offer to RCom shareholders. The deal would create a telecom colossus with 115 million subscribers in 25 countries.
Anil Ambani-led Reliance Communications on Monday announced the launch of Braille Bill service for providing postpaid bills to the visually impaired.
RCom had net debt of about Rs 40,222.6 crore at the end of June 30.
Passing an interim order, Telecom Dispute Settlement and Appellate Tribunal also directed BSNL to restore RCom's inter- connection within 48 hours of such payment. TDSAT Chairman Justice Arun Kumar said: "I am of a view that the petitioner (Rcom) should deposit an amount of 65 per cent of disputed claim in one week and respondent should restore the connection with 48 hours of the deposit."
The Anil Ambani group on Friday asked market regulator SEBI to probe hammering down of shares of Reliance Communications and other companies by rivals and charged RIL with attempting to derail ongoing talks for a deal with South African telecom giant MTN.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances