RCom

RCom arm sends notice to rivals for campaign against it

RCom arm sends notice to rivals for campaign against it

RCOM-GCX said that given the serious nature of the matter, it has already raised the issue with the legal and regulatory authorities concerned.

Nov 17, 2017, 17:45 PM IST
RCom says not making any payment to lenders for time being

RCom says not making any payment to lenders for time being

In a regulatory filing, the telecom operator said that is in standstill period till December 2018 pursuant to the SDR (Strategic Debt Restructuring) guidelines.

Nov 15, 2017, 19:54 PM IST
Reliance Communications completes merger with MTS

Reliance Communications completes merger with MTS

The Russian conglomerate Sistema controlled SSTL will get 10 percent stake in RCom as part of the deal.

Oct 31, 2017, 20:34 PM IST

RCom shares continue to fall; down nearly 5%

On NSE, the stock lost 4.86 percent to hit a one-year low of Rs 15.65.

Oct 26, 2017, 13:10 PM IST

RCOM to optimise 2G, 3G footprint by November 30

"As already announced on 1 October 2017, RCOM has decided to adopt a 4G-focussed strategy for profitable growth of its wireless business," a Reliance Communications spokesperson said.

Oct 25, 2017, 19:23 PM IST

RCOM to optimise 2G, 3G footprint by November 30

"As already announced on 1 October 2017, RCOM has decided to adopt a 4G-focussed strategy for profitable growth of its wireless business," a Reliance Communications spokesperson said.

Oct 25, 2017, 19:23 PM IST
DoT approves RCom-Sistema Shyam merger

DoT approves RCom-Sistema Shyam merger

The closure of the transaction is expected by the first week of November 2017.

Oct 24, 2017, 08:10 AM IST

As telecom sector reels, need for government to step in (News Analysis)

One of the reasons is the high levies imposed on the sector. Industry bodies have often in the past bemoaned the fact that the Indian levy on the sector is in the 30 per cent-plus range. 

Oct 04, 2017, 18:26 PM IST
Anil Ambani says telecom sector in ICCU, warns of monopoly

Anil Ambani says telecom sector in ICCU, warns of monopoly

He also promised to get RCom out of its difficulties by March 2018, saying its lenders are supportive of all its actions.

Sep 26, 2017, 20:21 PM IST
NCLT approves RCOM-Aircel merger, Brookfield deal

NCLT approves RCOM-Aircel merger, Brookfield deal

The National Company Law Tribunal (NCLT) on Monday passed an order allowing the Aircel-Reliance Communications merger and also the Brookfield Towers sale to proceed.

Aug 14, 2017, 15:48 PM IST

RCom plans to issue shares to lenders in lieu of debt

Telecom operator Reliance Communications, which is reeling under debt of about Rs 45,000 crore, plans to issue shares to lenders for the debt that it has raised from them, as per a regulatory filing of the company.

Aug 09, 2017, 23:27 PM IST

RCom offers 4G VPN solution for businesses

Launched by RCom`s India enterprise business services unit `Branch Connect` offers secure high-performance wireless connectivity to connect branch offices, warehouses or partner offices to the corporate private network.

Jul 04, 2017, 15:57 PM IST

RCom jumps over 6% on monetisation of realty assets

Reliance Communications, which is saddled with Rs 45,000 crore of debt, has got a 7-month reprieve from banks to service it.

Jun 22, 2017, 13:13 PM IST
Anil Ambani not to draw RCom Chairman's salary in 2017-18

Anil Ambani not to draw RCom Chairman's salary in 2017-18

Telecom major Reliance Communications (RCom) Chairman Anil Ambani has voluntarily decided to forego his salary and commission from the company during the current financial year as part of its "strategic transformation programme", RCom announced on Wednesday.

Jun 14, 2017, 16:34 PM IST
RCom rejects rating downgrades by Moody's, Fitch

RCom rejects rating downgrades by Moody's, Fitch

Telecom operator Reliance Communications on Tuesday rejected credit rating cuts by Moody's and Fitch as the agencies' views apply only on its USD 300 million bonds, which are being serviced regularly.

Jun 07, 2017, 18:16 PM IST
Telecom industry's cash deficit at Rs 1.2 lakh crore: RCom

Telecom industry's cash deficit at Rs 1.2 lakh crore: RCom

Intense tariff war and high taxes are expected to squeeze Indian telecom operators, leaving a gaping Rs 1,20,000 crore deficit between the industry's earnings and its debt/payment commitments this year, says debt-laden Reliance Communications.

Jun 04, 2017, 16:11 PM IST
RCom gets 7 months to service debt; to cut burden by 60%

RCom gets 7 months to service debt; to cut burden by 60%

Debt-laden Reliance Communications on Friday said its lenders have agreed to a strategic restructuring plan under which it will get a 7-month standstill to service loans amounting to Rs 45,000 crore.

Jun 02, 2017, 18:38 PM IST

RCom shares continue to reel under pressure, tank 9.5%

Shares of Reliance Communications on Wednesday tanked 9.5 percent after Moody's Investors Service downgraded the company's corporate family rating and senior secured bond rating on account of weak performance and "fragile" liquidity position.

May 31, 2017, 13:16 PM IST
RCom bond sell-off gathers pace after Moody's rating cut

RCom bond sell-off gathers pace after Moody's rating cut

A sell-off in Reliance Communications Ltd`s bonds accelerated on Wednesday after rating agency Moody`s cut its rating on the company deeper into junk territory, underscoring the extent of its debt woes.

May 31, 2017, 11:23 AM IST
Get 3GB data, unlimited local and STD calls at just Rs 149 on RCom

Get 3GB data, unlimited local and STD calls at just Rs 149 on RCom

Reliance Communications is offering 1GB data to new 4G customers for Rs 49 whereas 3GB data will be priced at Rs 149 plus free, unlimited local and STD calls within its network.

Mar 10, 2017, 12:54 PM IST