Telecom Minister Ravi Shankar Prasad had told Parliament in November that Bharti Airtel, Vodafone Idea and other telecom companies owe the government as much as Rs 1.47 lakh crore in past statutory dues.
Deals between the two could earn RCom Rs 14,000 cr, says Anil Ambani.
Telco sector has been been cutting back on freebies and discounted minutes to maintain profitability.
Company says it has been the victim of a 'mischievous' campaign by rivals.
Mukesh and Anil will announce two more infrastructure-sharing agreements by mid-June.
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.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
Reliance Capital has two credit verticals -- Reliance Commercial Finance and Reliance Home Finance -- with a cumulative asset of over Rs 25,000 crore.
Reliance Communications, Reliance Infratel, Huawei Technologies and Walt Disney Company (India) are among the companies which misused or diverted funds raised from abroad under the ECB route in the last three years, Parliament was informed on Friday.
Market worth has risen to half that of Airtel and double that of RCom.
Bidding for the sixth round of spectrum auction for radiowaves worth Rs 3.92 lakh crore will start from March 1, according to a notice issued by the Department of Telecom on Wednesday. The long-awaited spectrum auction is being held after a gap of four years and over two years after the Telecom Regulatory Authority of India (Trai) calculated and recommended base price for the radiowaves. The DoT has fixed January 12 for the pre-bid conference and January 28 as the last date for seeking clarification to the notice.
The amount from securitisation has been utilised to repay rupee debt, saving significant interest costs for the company.
The government has sent show-cause notices to 5 telecom firms including Reliance Communications and Tata Teleservices for alleged understatement of revenues of over Rs 10,000 crore.
Reliance Communications could become a much more formidable opponent.
Global businesses still believe that India consumption story is intact despite the slowdown of the past couple of years.
RCom is looking at listing Flag Telecom through a Singapore business trust, Global Telecommunications Infrastructure Trust on the Singapore stock exchange.
Internet.org is a Facebook-led initiative
The company said it becomes the first operator in the country to partner with Twitter on the new 'Twitter Access' programme.
The RIL-RCOM deal is an indication of telecom sector's future. As the mobile subscriber numbers plateau, telcos need to look at alternate stream of revenues, and data services will be the key to their growth.
After being at loggerheads for 8 years, Ambani brothers have sealed a Rs 1,200-crore (Rs 12-billion) deal wherein Mukesh will use his younger sibling's optic fibre network for launch of his telecom venture.
Its effort to stave off bankruptcy by selling spectrum to Reliance Jio got scuttled after the long legal and government delays for approvals.
The Indian stock market boom saw the rise of many wealthy investors. However, some of the high profile companies did not live up to the expectations of investors.
However, TDSAT has asked govt to dispose of two representations made by the company on the guidelines.
Ericsson to manage day-to-day ops across wireline and wireless network.
Their accumulated debt stood at Rs 1,85,720 crore in March.
New tariffs to apply to all customers with immediate effect and the move is aimed at bringing in greater RPMs (revenue per minute) and profitability.
He, however, seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the NCLT to recover Rs 1,200 crore.
Montek Singh Ahluwalia supports operators' plea. He tells the finance minister that existing players should not be charged for the remaining licence period.
The government is likely to get about Rs 24,000 crore from one-time spectrum fee that has been levied on existing operators for holding radiowaves beyond a prescribed limit.
The network sharing agreement is the start of a new era of partnership between the brothers. More deals on sharing towers and intra-city fibre network are likely.
Analysts rue the research firm's dramatic delivery approach, pan the bear cartel view.
Thomas Ninad's bank account was defrauded of Rs 14 lakh under mysterious circumstances.
Shares of the Anil Ambani-promoted firm ended 1.90 per cent higher at Rs 64.50 on the BSE. During the day, the stock had jumped 9 per cent to Rs 69.
Anil Ambani-led Reliance Group on Thursday signed an agreement with China's retail player Wanda Group to set up a joint venture for building integrated township projects in India.
If raters get away by moving from AAA to D overnight after companies default, as happened with DHFL, YES Bank, RCom, and IL&FS, it shows a complete breakdown in the rating system. It calls for exemplary punishment, not kid glove treatment, says Debashis Basu.
Telcos' m-cap rises Rs 11,286 crore; Bharti, RCom lead.
Companies may face significant spectrum fees from the government.
The Rs 8,000-cr deal is expected to be finalised early next month.
The UAE-based Emirates Telecommunication Corporation (Etisalat) on Thursday filed a petition against Shahid Balwa and Vinod Goenka, promoters of the beleaguered Swan Telecom, for "fraud and misrepresentation".
