Reliance Communications, India's second-largest wireless operator, will launch phone services in Uganda by year-end, marking its first foray into international mobile phone markets.
RComm has reportedly acquired an African firm for $500 million to offer telecom access services in Uganda.
Firming up its plans to rollout direct-to-home (DTH) television services, telecom firm Reliance Communications (RCom) has booked capacity on Malaysian satellite system, MEASAT-3. The deal size could not be confirmed, while it is understood that the deal is signed for around 15-20 years. RCom has booked four transponders, with an option to add four transponders after a year on MEASAT-3.
Flag Telecom, a subsidiary of Reliance Communications, has signed a $100 million
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.
Making its foray into mobile content outsourcing, the CDMA major, Reliance Communications, has signed its first contract with a Singapore-based GSM service provider.
Falcon, which is owned by Flag Telecom, has been damaged in the Middle East but it is unlikely to affect Net operations across India.
To be the first firm to take advantage of new RBI ruling.
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.
Reliance Industries Ltd (RIL) has invited Reliance Communications for "mutual conciliation prior to arbitration" on the dispute over the latter's bid to sew up a merger deal with MTN.
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.
A deal between MTN and RCom could be announced this weekend despite threats of legal action to block the deal, the Wall Street Journal said in a report in its online edition on Thursday, quoting two unnamed people familiar with the situation. The report added that the two companies are "getting very close to announcing the deal. If there are no last-minute disagreements, the announcement may come as early as Sunday or sometime next week."
Delhi HC has refused to stay the process of spectrum allotment to RCom, giving a major setback to GSM operators.
Anil Ambani severely criticised the attitude of GSM operators and raised the issue of returning the extra spectrum again.
Passing an interim order, Telecom Dispute Settlement and Appellate Tribunal also directed BSNL to restore RCom's inter- connection within 48 hours of such payment. TDSAT Chairman Justice Arun Kumar said: "I am of a view that the petitioner (Rcom) should deposit an amount of 65 per cent of disputed claim in one week and respondent should restore the connection with 48 hours of the deposit."
Telcos may hike mobile rates to recover spectrum cost: Moody's
A high-profile team from MTN is also expected to meet Reliance Industries Ltd next week to take stock of the situation. RCom had informed the bourses on May 26 that it has entered into exclusive negotiations with MTN for 45 days soon after the South African giant aborted its talks with the Sunil Mittal-controlled Bharti group. The deadline will end on July 8.
With the addition of 4,000 employees, the RCom staff strength is estimated to rise to 9,500
The company has also entered into alliances with laptop manufacturers to bundle Reliance NetConnect Data Cards, its President (Personal Business) S P Shukla told a press conference in Bangalore.
BPO and IT services across India remained largely unaffected.
At present, Reliance is in exclusive talks with MTN with respect to a potential combination of their businesses. The exclusivity talks period of 45 days started on May 26. The due diligence is currently in the final stages and is likely to be concluded anytime. Industry sources said MTN top brass, including Azmi Mikati, chief executive of the investment unit that is MTN's second-largest shareholder and Phuthuma Nhelko, chief executive of MTN are positively inclined to it.
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".
With Bharti Airtel making it to the list of top-ten advertisers of the year, cellular phone service providers as a category have overthrown fast moving consumer goods (FMCG) products such as toilet soaps and shampoos to emerge as the top advertising category on television in 2007.
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.
Telcos may have begun their WiMAX rollouts, but the results are yet to show. Consider this. Tata Teleservices which deployed its first WiMAX network in Bangalore in March, and is expecting to gather a subcsriber base of about 2 lakh by the end of the year, has enrolled just about 7,000 customers in the city.
As is common practice of key parties associated with high-profile M&A deals being referred to by code names, this time around, Reliance has reportedly become 'Rome', MTN is 'Madrid' and Ambani is 'Apollo'.
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.
Bangalore-based Healthcare Magic, a first-of-its-kind, real-time, medical consultation portal, will soon tie up with Reliance Communications, the country's second-largest mobile service provider, to launch a Doc On Call service by December this year. Any call made to Healthcare Magic will be attended by a doctor on duty at the the company's Bangalore office.
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.
In his third letter in the last one month to Prime Minister Manmohan Singh, Reliance Communications chairman Anil Ambani has lambasted GSM operators.
Reliance Communications has received a $750 million (Rs 3,000 crore) loan from China Development Bank that would be invested in building a nationwide GSM footprint for the telephony major. The Anil Ambani group company has received the loan for a ten-year period and at a rate of Libor (London Inter-Bank Offered Rate) plus 80 basis points. RCom had received the Reserve Bank of India (RBI) approvals for the loan, sources close to the development said.
Upping the ante in the ongoing spectrum war, Reliance Communications chairman Anil Ambani has shot off a missive to the Department of Telecommunications (DoT), accusing GSM operators of having cornered spectrum under the valuable 900 MHz.
Flag Telecom was looking at divesting up to 20 per cent of its equity stake through an international convertible bond issue and raise over $200 million.
In his letter dated October 19, Anil Ambani points out that while the top three GSM players -- Bharti, Vodafone-Essar and Idea Cellular -- have acquired an additional 52 million subscribers in the past few years without allocation of any additional spectrum, something they have constantly told the government that they do not have sufficiently.
Reliance Telecom, a subsidiary of Reliance Communiations, on Friday announced a unique recharge scheme for its prepaid GSM customers who could avail of free ''double on net minutes and built-in talktime'' on top-up vouchers of Rs 10.
Prime Minister Manmohan Singh is believed to have left it to telecom minister A Raja to resolve the tangle over allocation of spectrum, an issue that has brought industry bigwigs like Reliance Communications' Anil Ambani and Bharti Airtel's Sunil Mittal face to face.
B K Modi-controlled Spice Mobile is all set to launch its GSM phone for Rs 800 this month. Branded as the 'People's Phone', the handset, a very basic model, doesn't have a display screen. Spice officials believe the company will sell around one million units in India and 10 million globally over the next 12 months.
NXP (Next eXPerience) Semiconductors, the new semiconductor company founded by Philips, is partnering with mobile communication service provider Reliance Communications to bring out low cost handsets in India
For sometime, satellite-based management education has come to the aid of senior managers who never went to a business school.
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