Reliance Infratel, the tower arm of Anil Ambani-led Reliance Communications, has agreed to merge its 50,000-tower portfolio with GTL Infrastructure in a cash and stock deal, making it arguably one of the largest merger and acquisition transactions in India.
For Rs 39, customers can talk for 300 minutes anywhere in India and worldwide
Reliance Big TV, a subsidiary of Reliance Communications, will offer 202 channels initially and increase the bouque to 330-350 over a period of time, company CEO Arun Kapoor said in Mumbai on Tuesday.
India's third largest network service provider, Reliance Communications (RCom), is close to signing an agreement with US-based GetJar to launch its own application store (app store, software modules to run specific tasks on own mobiles), sources said.
The government said on Tuesday it was very clear in its stand imposing a penalty of Rs 150 crore (Rs 1.5 billion) on Reliance Infocomm for violating the licensing conditions by diverting international calls as local calls.
As Reliance Communications (RCom) is struggling to sew up a deal with South African telecom major MTN, another Indian telecom service provider Tata Communications is all set to get a majority stake in South African telecom firm Neotel.
Bharti Airtel, Vodafone, Reliance Communication and other GSM telephone operators owe government over Rs 451 crore (Rs 4.51 billion) in license fee and spectrum charges, the Rajya Sabha was informed on Thursday.
Amazon Prime Video has announced 69 assorted Web series and movies, and the slate sure looks interesting.
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.
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.
Intel, the world's largest chipmaker, is understood to be in talks with leading Indian telecom companies like Tata Communications (formerly VSNL), Bharti Airtel and Reliance Communications that could bid for broadband wireless access spectrum to be auctioned by the government in January 2010.
Reliance on Saturday announced a significant drop in the calling rates to the United States and Canada on its Reliance Global Call Card.
The government will soon resolve the security concerns surrounding third-generation (3G) video calls.
The ADA Group's recent decision to sell a stake in Reliance Communications and merge its telecom tower business with GTL Infra will help it reduce a mounting debt burden.
'We are calling companies to set up assembly plants for mobile phones while all the components are imported.' 'Only the last turn of the screwdriver is done here. And you call it self-reliance, Atmanirbharta, etc.' 'Unless you invest in research, you will not climb up the ladder. But this government is happy getting sub-contract work.'
Reliance Infratel, the tower business of Anil Ambani-controlled Reliance Communications, is learnt to be in talks with another tower firm GTL to part-sell its stake and also combine the businesses of both entities.
The Unified Licence for all 22 Service Areas across India will make the company the first telecom operator in the country to get pan India Unified Licence, the company said in a statement.
Reliance Communications (formerly Reliance Infocomm) Chairman Anil Ambani was on Friday summoned by a city consumer forum to personally appear before it on August 30 in connection with a complaint.
Reliance Big TV DTH, the wholly-owned subsidiary of Reliance Communications Limited, is looking at charging carriage fee from broadcasters, said company's chief executive officer Arun Kapoor.
First-quarter results of several big companies such as Reliance Industries, Reliance Communications, Bharti Airtel and Jet Airways would have been a lot worse had they followed the Accounting Standards 11 rules prescribed by the Institute of Chartered Accountants of India.
The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay nearly $717 million to three Chinese banks within 21 days.
A day before the deadline of exclusive takeover talks between Anil Ambani's Reliance Communications and South African company MTN expires, Reliance Industries has invoked the dispute resolution clause of the non-competition agreement against RCom. However, RCom plans to go ahead with its proposed merger with MTN without taking RIL's claim into account.
The country's most valued firm RIL's bid to acquire a majority stake in bankrupt petrochemical group was called off by LyondellBasell after the latter found the price offer was undervaluing the company.
The acquisition will enable the Anil Ambani group company to foray into the African country. However, financial transactions of the deal were not disclosed.
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.
RCom is looking at listing Flag Telecom through a Singapore business trust, Global Telecommunications Infrastructure Trust on the Singapore stock exchange.
Index majors NTPC, BHEL, Reliance Reliance Energy, Reliance Communications and HDFC, DLF, TCS, SBI and Bajaj Auto have zoomed.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
Reliance Communications (RCom) has served legal notice to the government on allocation of additional spectrum to existing GSM operators.
Announcing the rollout, Anil Ambani told reporters that the company has invested over Rs 10,000 crore (Rs 100 billion) in the project, which was completed six months ahead of schedule. Reliance Communications mobile users will now have a choice of both CDMA and GSM services, Ambani said, adding, "the project was completed within 15 months", six months ahead of schedule.
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.
Company says it has been the victim of a 'mischievous' campaign by rivals.
Market share of Airtel, Vodafone & Idea rises to 70% from 60% in 2010 and 50% in 2008.
Leading telecom operators Bharti Airtel and Reliance Communications will start selling Apple's iPhone 5s and iPhone 5c smartphones from November 1.
Sources said the letter of intent (LoI) for the group's foray into DTH was given on Monday to Blue Sky Magic, a company of the Reliance-ADA group.\n\n
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