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Reliance Communication News

20 Feb 2019

Pay Rs 453 crore to Ericsson within 4 weeks or face 3-month jail: SC to Ambani

Ericsson had sought action against Ambani and others for failing to pay Rs 550 crore towards settlement to the company.

12 Feb 2019

Ericsson-RCom case: SC asks Anil Ambani to appear before it tomorrow

Ericsson had sought action against Ambani and others for failing to pay Rs 550 crore towards settlement to the company by September-end last year.

Department of Telecom

31 Oct 2017

Reliance Communications completes merger with MTS

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

Department of Telecom

24 Oct 2017

DoT approves RCom-Sistema Shyam merger

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

Reliance Communication

31 May 2017

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.

12 Sep 2016

Reliance Jio has a new competitor! On recharge of Rs 40 get full talk time plus 1GB data

Rcom has a new offer for its pre-paid GSM subscribers.

08 Jul 2016

Congress has scored self-goal on telecom issue: Arun Jaitley

Finance Minister Arun Jaitley on Friday said the Congress has scored a "self-goal" by calling under-reporting of Rs 46,000 crore revenue by six telecom firms an NDA scam as the "impropriety" had taken place during the UPA regime.

07 Mar 2016

RJio to give free WiFi at 6 stadiums for T20 World Cup matches

Telecom operator Reliance Jio will provide free WiFi services at six cricket stadiums during the upcoming T20 World Cup matches

15 Feb 2016

Reliance Jio, 8 other telcos form knowledge sharing alliance

Announced Monday, members of the alliance include BT, Deutsche Telekom, Reliance Jio Infocomm Limited, Millicom, MTS, Orange, Rogers, TeliaSonera and TIM.

22 Oct 2015

RCom in talks with BSNL, Vodafone, Idea for 3G-ICR like 2G deal

Telecom operator Reliance Communications is planning to roll out a 3G ICR-like roaming agreement to continue 2G service in Bihar, West Bengal and Assam after its right to use 2G spectrum expires in December.

30 Sep 2015

Asset sales keyword as Anil Ambani addresses marathon of AGMs

On a day that seemed like marathon of AGMs, Reliance Group Chairman Anil Ambani Wednesday announced asset sales at three group firms as he addressed shareholders of various group firms one after another.

30 Sep 2015

Reliance Communications to partner Reliance Jio in 4G services

Reliance Communications Ltd (RCom), controlled by tycoon Anil Ambani, will partner with Reliance Industries Ltd`s telecom subsidiary to launch fourth-generation (4G) mobile phone services by year-end, the company`s chairman said on Wednesday.

Reliance Communication

31 Jul 2015

RComm unit stake sale draws US interest: Sources

Reliance Communications, India`s fourth-biggest mobile phone carrier and headed by billionaire Anil Ambani, is looking at a valuation of about $4 billion for the unit, which has about 45,000 mobile phone masts, the sources said.

15 Jun 2015

RCom, Sistema in talks to merge telecom biz in India

Anil Ambani-led Reliance Communication Monday said it is in talks with AFK Sistema to merge the Russian conglomerate's Indian telecom operations through a cashless stock swap.

27 Mar 2015

Airtel, RCom gain capability for 4G service across country

Bharti Airtel and Reliance Communications (RCom) have gained capability to provide 4G services across the country as they bagged requisite spectrum in the concluded spectrum auction.

13 Feb 2015

RCom Q3 Net up 86% at Rs 201 crore

The company had posted a net profit of Rs 108 crore in the same quarter a year ago.

05 Feb 2015

RCom, Avaya ink Rs 500 cr customer care ops upgrade deal

Though the companies declined to disclose the exact deal size, the transaction is believed to be in the range of Rs 450-500 crore, according to sources.

Aurangabad municipal corporation

19 Jul 2014

Civic body seals 61 mobile towers for evading property tax

Coming down on defaulters, the Aurangabad Municipal Corporation has sealed 61 mobile towers for non-payment of property tax.

Reliance Communication

25 Jun 2014

RCom raises Rs 4,800 cr in the biggest fund-raising by a pvt co

The company, which opened the qualified institutional placement (QIP) at a price of Rs 142.13 a share, got total bids of more than Rs 12,000 crore, of which it retained Rs 4,800 crore, sources said.

Reliance Communication

24 Jun 2014

RCom to raise Rs 4,300 crore from investors, promoters

The offer price of the QIP has been fixed at Rs 142.13 a share, which is a 5 percent discount to the floor price of Rs 149.61.

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