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.
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."
RCom had net debt of about Rs 40,222.6 crore at the end of June 30.
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.
Anil Ambani-led Reliance Communications on Tuesday said it may sell 26 per cent stake in the company, and also list its telecom tower subsidiary Reliance Infratel, to become debt free.
Ericsson to manage day-to-day ops across wireline and wireless network.
The company added 2.8 million wireless subscribers on its GSM and CDMA platforms in the month of June, RCom said in a statement. RCom offers telephony services on both GSM and CDMA platforms.
Bharti Airtel on Thursday submitted its bid for 3G spectrum, auction for which starts from April 9.
According to data from the Telecom Regulatory Authoroty of India, the total number of GSM subscribers of RCom at the end of September was 41.2 million, while the CDMA base was 55.28 million.
RCom is looking at listing Flag Telecom through a Singapore business trust, Global Telecommunications Infrastructure Trust on the Singapore stock exchange.
RCom, which launched its nationwide GSM services in January last year, currently offers telephony services on both the GSM and CDMA platforms.
However, TDSAT has asked govt to dispose of two representations made by the company on the guidelines.
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RCom slashed 3G prices for all kind of connections -- pre-paid, post-paid, new and old -- across 13 circles where its third-generation services are available.
A special audit of Anil Ambani group firm Reliance Communications will be delayed, as the auditor Parakh & Co. has sought an extension for three months from mid-July.
The Rs 8,000-cr deal is expected to be finalised early next month.
With many new players waiting to launch their operations and Mobile Number Portability to be implemented shortly, the competition will intensify further.
DoT sources confirmed receipt of the report by auditors Parekh and Co and said that it is yet to examine the findings. DoT would ask for RCom's response later.
The company has increased the cost of 1 GB of 3G internet usage to Rs 156 from Rs 123 it charged earlier.
RCom shares fell 0.34 per cent to Rs 145.50 at the close on the BSE.
US and European institutional investors bought a majority of shares in the over Rs 4,800 crore (Rs 48 billion) QIP offering by telecom operator Reliance Communications.
Telco sector has been been cutting back on freebies and discounted minutes to maintain profitability.
In a move that will result in further snowballing of the spectrum issue, British telecom major Vodafone has termed the Reliance Communications' (RCom) allegations "as false and inconsistent with the facts".
Move to skirt public offer for S African telco.
Reliance Communications (RCom) has paid Rs 1,651 crore as licence fee to start pan-India GSM operations.
In contrast to the stand by GSM operators, CDMA players like RCom and Tatas hailed telecom regulator TRAI for its "balanced, progressive and transparent" spectrum proposals.
Cable and DTH companies cannot hold more than 20 per cent stake in each other.
Company says it has been the victim of a 'mischievous' campaign by rivals.
Bharti Airtel remained the top telecom pick of Indian companies followed by Reliance Communications, according to the latest report by world's leading financial management and advisory company Merril Lynch.
The company will invest Rs 16,000 crore (Rs 160 billion) for network expansion in FY08, said ADAG chairman Anil Ambani on Tuesday in Mumbai.
RCom had won 3G spectrum in 13 circles, including Delhi and Mumbai.
RCom and Research In Motion have introduced the 'Reliance E-Lite' plan for BlackBerry smart phone users in India, where users can have unlimited access to email and instant messaging on their phones for Rs 299 a month, RCom said. The service plan would be available on BlackBerry smartphones available from Reliance Mobile, such as BlackBerry 8703e, BlackBerry 8830, BlackBerry Curve 8300, BlackBerry Curve 8900, BlackBerry Pearl 8110 and BlackBerry Pearl 8130.
Telecom service provider Reliance Communications is close to awarding a contract for implementation of mobile number portability (MNP) integration across its network to eight global telecom companies. The deal is estimated to be worth Rs 700-800 crore. The eight are Tekelec, HP, Intec, Huawei, ZTE, Ericsson, Lucent and Radio Telecom.
Intensifying 3G tariff war, Reliance Communications (RCom) on Friday announced up to 61 per cent cut in rates, following similar reduction by Airtel and Idea.
According to sources, Idea Cellular has agreed to provide interconnection to RCom thereby not becoming a part of Cellular Operators' Association of India's likely petition against Trai's directive on the same. Besides, other operators to provide interconnectivity to RCom GSM network are Aircel and Spice Communication.
RCom on Friday announced appointment of Deepak Khanna as CEO, India Enterprise Business.
The Mumbai-based firm is on a cost optimisation drive through outsourcing of network management services and call centre operations.
Reliance Communications (RCom) has launched a new scheme that enables its subscribers to make STD calls at Re 1 and local calls at 50 paise per minute.
After a weak opening, shares of the company dropped further by 5.78 per cent to trade at Rs 83 on the Bombay Stock Exchange.
In a bonanza for its shareholders, billionaire Anil Ambani-led Reliance Communications on Sunday announced it is hiving off its entire real estate assets, estimated to be of around Rs 12,000 crore (Rs 120 billion), into a separate listed company.
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