Anil Ambani-led Reliance Communications said on Tuesday the government's move to introduce mobile number portability would help GSM players Aircel, Idea and Spice as they enter new circles. The government had on Monday announced that the mobile number portability, under which users would be able to switch operators while retaining their existing cell phone numbers, would be allowed by next year.
The long-overdue consolidation makes indebted RCom an even more attractive partner for a soon-to-launch upstart led by older brother Mukesh.
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UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
Banking on the recent cable landing station regulations, Reliance Communications is planning to launch global video transmission services on its new international long distance network.
Under the long-term passive infrastructure sharing agreement, Etisalat DB, a joint venture between Etisalat and Dynamix Balwas Group and its subsidiary, would outsource their telecom infrastructure requirements for the 15 telecom circles, the company said in a statement.
Company targets sale of one million handsets a year.
The government has proposed a penalty of over Rs 41 crore (Rs 410 million) on Tatas, Rs 31 crore (Rs 310 million) on Airtel and Rs 19.65 crore (Rs 196.5 million) on RCom and others, totalling Rs 135.60 crore (Rs 1.35 billion), for not rolling out network on time
Mukesh and Anil will announce two more infrastructure-sharing agreements by mid-June.
State govt aims to make Hyderabad a 4G WiFi-enabled city by December.
Leading telecom operators Bharti Airtel and Reliance Communications will start selling Apple's iPhone 5s and iPhone 5c smartphones from November 1.
For operators, occasions such as Holi, Diwali, Christmas, New Year and Independence Day spell an increase in SMSes and voice traffic and are, hence, treated as 'black out' days where they charge slightly higher SMS rates, irrespective of the tariff plan subscribed.
The company had posted net profit of Rs 156 crore a year ago.
Market worth has risen to half that of Airtel and double that of RCom.
While the company insisted it had enough spectrum across circles, analysts said the company might soon need to acquire some spectrum to ensure uninterrupted service.
IBM chairman, president & chief executive officer Samuel J Palmisano is scheduled to meet Reliance Communications chairman Anil Ambani
Telcos' m-cap rises Rs 11,286 crore; Bharti, RCom lead.
Anil Ambani group flagship Reliance Communications on Friday entered the elite club of companies with Rs 1 trillion market value on the back of robust quarterly results, joining the likes of ONGC and Reliance.
Finance ministry advises banks to invoke personal guarantees of all promoters whose companies have gone to NCLT for debt resolution.
The apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks. A bench comprising Justices R F Nariman and Vineet Saran said if the 'contemnors' failed to make the payments within the specified period, they will undergo a jail term of three months.
The Supreme Court on Monday refrained from passing any order on a PIL filed against Telecom Minister Kapil Sibal accusing him of reducing a penalty amount favouring Anil Ambani-headed Reliance Communications, saying persons aggrieved can avail remedy under the law.
Telecom operator Vodafone has been the top gainer of customers through mobile number portability facility while Reliance Communications is the biggest loser.
Despite posting a loss, the company has declared a modest dividend.
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.
In an interview at the GSMA conference in Barcelona on Tuesday, Mittal broke his silence on the scam and the very public spat between Tata Teleservices and Reliance Communications: "My plea is that the industry shut their mouths; zip up and let the various investigative agencies do their job," he said.
The DoT had last week sent a detailed reply to all the issues raised by the CAG.
With the Beijing Olympics 2008 starting from Friday, three of the major Indian telecom service providers Reliance Communications, BPL Mobile and Tata Communications are launching services aimed at tapping the communication potential of the event.
More and more companies are opting for outsourcing data centres. Data centre operators are also called managed service providers (MSPs). These MSPs include Reliance Communications (RCom), Tata Consultancy Services (TCS), Bharti, Netcore, and Ctrl S. The biggest outsourcers are enterprises, banks and financial institutions. IT managers in the Asia-Pacific region rely on outsourcing data centre operations more than their peers.
After seeking the surrender of spectrum, Reliance Communications (RCom) chairman Anil Ambani is seeking installation of frequency-efficient technologies such as synchronised network and FemtoCells that can be used at no additional cost. Ambani listed seven technologies to improve mobile network efficiency in the country.
The government is considering withdrawing legal cases against telecom companies, involving disputes of about Rs 40,000 crore, a source said on Tuesday. In line with this, the Department of Telecom has already filed an affidavit before the Supreme Court in a case against Anil Ambani-promoted Reliance Communications to take an informed decision whether to proceed with the present appeal or not, the source said. DoT has said the telecom sector is passing through a financial stress due to various circumstances and telecom services providers are making losses.
While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.
The issue of spectrum allocation has become murkier, with the Association of United Service Providers of India (Auspi) -- the CDMA operators' body -- slamming the move by the Department of Telecommunications (DoT) to allocate additional spectrum to existing private GSM operators.
Analysts expect that Bharti Airtel, Reliance Communications (RCom) and Idea Cellular will post over 50 per cent annual growth in revenues (year-on-year) and more than 10 per cent sequential growth (over the previous quarter). Bharti continues to lead in the subscriber addition race (2.1 million in August).
The technology's spectrum efficiency, low cost and simple installation make it the next big thing in the telecom world.
The technology's spectrum efficiency, low cost and simple installation make it the next big thing in the telecom world.
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.
The battle between the Ambani brothers flared up again today -- this time over the Anil Dhirubhai Ambani Group's (ADAG's) bid to seal a merger deal with South African telecom company, MTN.
The slowdown in capital expansion is clearly seen in the current financial year. Large sectors such as cement, metal, oil and gas, power and telecom have provided negligible funds in the first quarter for their capex plans.
The government struck a cordial note with the GSM mobile lobby by agreeing on the Telecom Regulatory Authority of India's (Trai's) norms for spectrum allocation, a move described by rival CDMA player Reliance Communications (RCom) as "succumbing to pressure".
The COAI decision comes in the wake of Anil Ambani group company Reliance Communications and two other CDMA players receiving approvals to offer GSM services in their respective circles of operation from the Department of Telecom on Friday.
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