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.
Experts argue that the cost savings both in terms of capex as well as operating costs can be substantial in the next one to two years.
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.
It is believed that apart from Bharti Airtel and Bharti Infratel, there are four players that have made a bid.
With the addition of 4,000 employees, the RCom staff strength is estimated to rise to 9,500
It offers a discount of up to 96 per cent on data and and up to 92 per cent on call charges.
Accounting regulator ICAI on Wednesday said it has asked Reliance Communication, which is under attack for alleged overstating of revenues and evasion of licence fee, to provide financial details before it can initiate action against the teleco's auditors.
Reliance Communications is investing Rs 800 crore ($200 million) to enhance its managed global ethernet services
Rival operators' lobby to approach Delhi High Court.
RCom intends to utilise the proceeds of the proposed transaction to reduce its debt.
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.
Reliance Communications, India's second-biggest mobile operator, has decided to demerge its telecom tower business -- Reliance Infratel (Rel Infra). The company's board has approved a proposal to restructure the ownership of the tower firm to help create an independent tower company.
Making its foray into mobile content outsourcing, the CDMA major, Reliance Communications, has signed its first contract with a Singapore-based GSM service provider.
RComm has decided to raise the retirement age of its employees from 58 to 65 years. This move is seen as part of its expansion plan and difficulty of recruiting sufficient staff.
RCom and Aircel will hold 50 per cent each in the new company
Telecom Disputes Settlement and Appellate Authority had on December 12 refused to stay the government's process of awarding new licences and allocating airwaves to mobile firms, a decision which existing GSM players say would hurt them Bharti Airtel, Vodafone Essar and Idea Cellular are the major GSM players in Cellular Operators Association of India, but it is learnt that there is no consensus within the lobby group over moving the high court.
Spectrum trading will happen in 9 circles.
The company has defaulted on some of the payments to lenders and it has received time till December for strategic restructuring plan
Reacting sharply to Bharti Airtel's offer to pay Rs 2,650 crore (Rs 26.50 billion) for all-India spectrum, Anil Ambani-led Reliance Communications on Monday said said the GSM operator was trying to prevent competition. "This is another ploy of Bharti to prevent competition. It shows their (Bharti's) anti-consumer and anti-competitive behaviour," an RCom spokesperson said.
Users can use the 'Search' option for searching videos across various categories and download it to their GSM mobile phones, while the 'Upload' option makes uploading videos from mobile phones easier.
RCom had recently received spectrum in 13 circles under the new cross over technology policy, in which a code division multiple access operator can also operate GSM services with the same licence. IT operates GSM in the remaining circles.
The report on RCom would now be examined by a four-member committee of department of telecommunication, headed by member finance, sources said. The content of reports, howeever, were not divulged.
With the launch, RCom became the first private service provider to launch the service in Kashmir Valley.
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.
With just the state-owned BSNL offering dedicated Apple iPad 3G data plans, tablet PC users claim it has hampered the adoption.
With these repayments, RCom has now fully liquidated the borrowings from 23 foreign banks and financial institutions
The company is also in advanced stages of negotiations to rope in the kingdom's largest telecom service provider, Bhutan Telecom, as partner.
Reliance Communications (RCom) has served legal notice to the government on allocation of additional spectrum to existing GSM operators.
The company wants to woo post-paid customers and rent out its assets to cut debt.
RCom on Friday announced appointment of Deepak Khanna as CEO, India Enterprise Business.
Emirates Telecommunications of the United Arab Emirates, better known as Etisalat, is in discussion with Reliance Communications for a possible merger or acquisition.
Two brothers have begun collaborating in certain businesses.
Deal to help RCom reduce debt, Sun gain subscribers in new markets
Anil Ambani Group firm Reliance Communications said it has bought back foreign currency convertible bonds (FCCBs) worth Rs 121.22 crore (Rs 1.21 billion).
RComm has reportedly acquired an African firm for $500 million to offer telecom access services in Uganda.
At present, the cheapest business phone (with personal digital assistants) is priced at Rs 15,000, while high-end phones are available around Rs 13,000.
The company's debt is around four times its earnings before interest, taxes, depreciation and amortisation, raising concerns among investors as well as stock analysts.
Global management consultancy firm McKinsey has moved the Bombay high court against Reliance Industries and Reliance Communications for non-payment of dues of Rs 27 crore
Anil Ambani has won Lebanon-based M1 Chief Executive Officer Azmi Mikati's approval for a possible merger of Reliance Communications and South Africa's MTN Group following a meeting between the two.
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