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
Anil Ambani-led Reliance Communications on Monday posted a net profit at Rs 702 crore (Rs 7.02 billion) for the second quarter ended September 30, 2006, as against a net loss of Rs 19 crore (Rs 190 million) in the previous quarter.
Anil Ambani-controlled Reliance Communication Ventures Ltd has become an over Rs 90,000 crore (Rs 900 billion) company going by the conversion price of its just concluded Foreign Currency Convertible Bonds.
Anil Dhirubhai Ambani Group's market capitalisation increased to Rs 86,000 crore (Rs 860 billion) following the listing of the group company -- Reliance Communication Ventures Ltd (RCoVL).
Anil Ambani's Reliance Power tops the table with 3.46 million shareholders
The fall in metal and mining stocks comes on the back of weak Chinese trade data
CDMA mobile operator Reliance Communication on Wednesday reduced international calling rates upto 66 per cent for consumers using global calling cards of different denominations.
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.
It offers a discount of up to 96 per cent on data and and up to 92 per cent on call charges.
Two brothers have begun collaborating in certain businesses.
Reliance Communication Ventures on Monday got listed at the Bombay Stock Exchange opening strongly at Rs 290 a share.
RCom intends to utilise the proceeds of the proposed transaction to reduce its debt.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Reliance Communication Inc (USA), owned by Reliance Group, has acquired licence for setting up telecom network in US and UK, a move which will bring down the cost of international long distance calls substantially.
MindSquare Technologies is a group company of 1neoteric Technology.
Anil Ambani group company Reliance Communications on Monday posted a net profit after tax at Rs 8.45 crore (Rs 84.5 million) for the quarter ended June 30, 2006.
RCom and Aircel have permits for 3G services in 13 out of 22 service areas while Tata Teleservices has permit in 9 circles.
RCom may get around Rs 4,500 crore by trading its radiowaves to Reliance Jio.
The company is looking at demerger of land banks from RCom and then go for separate listing.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Indian telecom seems to be getting back on its feet.
The total number of telephone connections in the country crossed the record one billion mark in May, bolstered by growth in number of mobile users.
Facebook Inc is launching an open platform for online content and application developers to join its Internet.org service.
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
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.
RCom has also tied-up with select credit card providers for its latest offering.
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
Although the industry is disappointed with the government decision not to lower spectrum prices at a time telcos are saddled with over Rs 4-trillion debt and an estimated Rs 1.43-trillion licence fee dues, the DCC has relaxed the payment structure to offer some relief to the financially stressed sector.
Deal to help RCom reduce debt, Sun gain subscribers in new markets
