A new round of conflict started on Friday between the Ambani brothers, with the faction led by Mukesh
Indian telecom companies are likely to get a windfall of Rs 100-150 crore (Rs 1 to Rs 1.5 billion) when they announce their first quarter results during this week.
FLAG Telecom, the global telecom arm of the Anil Ambani-led Reliance Communications, is believed to have won a $35 million worth international deal for providing international bandwidth to China Netcom.
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.
Reliance Communications will slash the homebound international call tariffs - calls made by Indians visiting abroad - by around 50 per cent to cash in on the growing Rs 800-crore inbound market.
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.
The price-war has begun in the direct-to-home market with the country's largest DTH company Dish TV with over three million subscribers getting ready to offer its connection virtually free. Any consumer who wants to buy a Dish TV connection will not have to pay for the set-top box, the hardware essential to access DTH services, which normally costs Rs 2,500.
The Bombay Stock Exchange on Tuesday said no rule was overlooked while deciding to include the company in the Sensex - the elite index of top 30 companies - in place of Tata Power.
HD TV is all set to make a grand entry in India by the year-end. Direct-To-Home operators -- Dish TV and Reliance Communications -- are planning to offer HD TV set top boxes, though at a premium.
IBM chairman, president & chief executive officer Samuel J Palmisano is scheduled to meet Reliance Communications chairman Anil Ambani
Deal to help RCom reduce debt, Sun gain subscribers in new markets
These phones are SIM-enabled, allowing consumers to move from one CDMA service to another, a flexibility hitherto available only on GSM handsets.
Reliance Jio Infocomm, expected to start commercial operations in the Indian telecom space in the next few months, had a net worth of Rs 5,026.16 crore, the company said in a statement submitted to the Department of Telecommunications (DoT) on Monday.
Telephony major Reliance Communications is believed to have short-listed three global IT companies - IBM, EDS and T-Systems - for its $1.5 billion outsourcing contract.
Flag Telecom, a 100 per cent subsidiary of Reliance Communication (RComm), has mandated Goldman Sachs and Deutsche Bank as lead managers for the maiden initial public offering (IPO) on the London Stock Exchange.
The NSE Nifty ended at 3,643, up 3 points.
'We have informed the government multiple times that the situation in the US and India are different.' 'Here, there will be a 500 MHz gap in the frequencies which will safely allow aviation without interference.'
A DVR is a device that allows consumers to pause, record, play back, rewind and fast forward their favourite television shows. DTH companies are expected to slash DVRs box prices by nearly half to Rs 7,000-Rs 8,000 per unit. DVRs for cable channels would soon be available for between Rs 3,000 and Rs 4,000, industry sources said.
RComm will test launch its direct to home services Big TV this week, which would include some niche channels that are currently not available in India.
Based on radio frequency identification technology, the phone will work like a credit or debit card.
Company targets sale of one million handsets a year.
Reliance Communications chairman Anil Ambani on Thursday met Finance Minister P Chidambaram and senior DoT officials, even as his company started examining the books of Hutchison Essar Ltd for a possible bid.
Arun Sarin is the chief executive officer of Vodafone Group Plc, the United Kingdom-based global mobile operator.
Reliance Communications has sought government approval for sponsoring a secondary Global Depository Receipts offering of up to $1.2 billion, representing 6.53 per cent of the total paid-up equity shares of the company.
Hutchison has made it clear to prospective bidders that it can sell its 67 per cent stake in Hutchison Essar without offering the first right of refusal to the Ruias who hold the remaining 33 per cent in the joint venture.
Reliance Communications is in discussions with American billionaire and financier George Soros to raise funds for the Hutch-Essar acquisition.
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.
Indian Railways is in talks with Reliance Jio Infocomm to allow the Mukesh Ambani-led telecom major's use of its towers. The aim is seamless mobile and internet connectivity for passengers along the 67,368-km of tracks. The Railway Board has entrusted its RailTel Corporation arm to work on the modalities with Jio. The Jio tie-up is expected to bring down its telecom bill by at least 35 per cent from this financial year.
Walt Disney finds another platform for its cartoons -- your mobile.
The NSE Nifty ended down 22 points at 4,264.
The NSE Nifty ended up 7 points at 4,259.
Anil Ambani's Reliance Power tops the table with 3.46 million shareholders
J M Morgan Stanley and UBS Securities have suggested that Reliance Communication Ventures has surpassed Bharti Airtel in terms of average usage but had lower revenue per subscriber.
Anil Ambani-controlled Reliance Communication Ventures Ltd, whose market cap has touched Rs 65,000 crore
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