Govt to take action against RCom for reporting less revenue

The government on Monday said in the Lok Sabha that a special audit has observed that Reliance Communication and its other subsidiaries under reported revenues during 2006-07 and 2007-08.

`Rel Comm, Aircel close to tower deal`

Reliance Communications, is close to a telecoms tower sharing deal with local peer Aircel that could fetch India`s No. 2 mobile operator revenues of about USD 300 million over 10 years, newspapers reported on Tuesday.

Reliance Comm in talks for Zain`s Africa ops: Sources

Reliance Communications is in preliminary talks to buy Kuwaiti telecoms firm Zain`s African operations, two banking sources with knowledge of the development said, in a deal reported to be worth USD 10 billion.