| Reliance Communications (RCOM) Related news |
R-Com takes on Reliance Jio, offers unlimited voice plan for Rs149 a month
Posted on 22nd November 2016 |
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New Delhi: In an attempt to counter Reliance Jio’s unlimited free voice, Reliance Communication on Tuesday announced unlimited voice plan at Rs.149 for all its customers. The plan also includes 300 MB of data usage, indicating that the company is adopting bundling of voice and data. “The ‘149 Unlimited’ Plan, available across the 2G, 3G and 4G technology platforms, is targeted at incentivizing 2G, 3G and 4G handset-owners across India to move to the R-Com network. |
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Coffee Day, HDIL, RCom, Reliance Power hit 52-week lows
Posted on 21st November 2016 |
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Shares of Coffee Day Enterprises, Housing Development Infrastructure (HDIL), Reliance Communications (RCom), Reliance Power, Bata India and Jet Airways are among 20 stocks from BSE500 index hitting their respective 52-week lows on the BSE in intra-day trade on Friday. Titan Company, United Spirits, Wonderla Holiday, Apollo Hospitals, OnMobile Global, Orient Cement, Shoppers Stop and Tata Elxsi are others trading at 52-week lows. |
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RCom Q2 net profit plunges 80% to Rs 39 crore
Posted on 15th November 2016 |
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Telecom operator Reliance Communications on Monday posted a dip of 80 per cent in its consolidated net profit at Rs 39 crore in the second quarter ended September 30, 2016 due to pressure on margin and higher finance cost. The company registered a net profit of Rs 195 crore in the same period a year ago. |
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Investors to RCom: get real
Posted on 17th October 2016 |
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Reliance Communications Ltd (RCom) has said it has signed a non-binding term sheet with Brookfield Infrastructure Group to sell its tower assets and related infrastructure. Brookfield, on its part, hasn’t issued a statement or even commented about the transaction, which implies the deal is still at a preliminary stage. It’s hardly surprising that investors aren’t cheering RCom’s debt reduction endeavours yet. In the past month, the company has announced the merger of its wireless business with Aircel Ltd, and now the tower deal. Both put together will reduce debt by around 60% at RCom, according to company executives. |
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RCom in pact with Brookfield to sell tower assets
Posted on 14th October 2016 |
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Reliance Communications Ltd , India's fourth-biggest cellular carrier by customer base, said on Friday it signed a non-binding term sheet with Brookfield Infrastructure Group to sell its tower assets in a deal that could fetch it an upfront Rs 11,000 crore rupees ($1.65 billion). It would also get "49 percent future economic upside" from the tower business, based on certain conditions, the company, controlled by billionaire Anil Ambani, said in a statement. It did not divulge much details. |
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Reliance Communications launches festive offers for new, existing pre-paid customers
Posted on 6th October 2016 |
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Reliance Communications launched festive offers for both its new and existing pre-paid customers, a company statement said here on Thursday. Existing customers of the company in Delhi and National Capital Region (NCR) can recharge with the ‘NonStop Plan’ and avail 1,000 local and STD minutes, along with unlimited calls to any Reliance number anywhere in India, the statement said. |
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RCom promoter pledges shares worth Rs 300 crore
Posted on 1st October 2016 |
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A promoter of telecom operator Reliance Communications has pledged 7 crore shares valued at around Rs 300 crore with L&T Finance Limited on September 28. Reliance Wind Turbine Installators Industries Private Limited, which holds 12.05 per cent in RCom, has pledged 7 crore shares to L&T Finance Limited, as per a BSE Filing. |
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R-Com, Jio strengthen family link
Posted on 28th September 2016 |
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Mumbai, Sept. 27: In an indication of good relations between the two Ambani brothers, younger sibling Anil today said the association between Reliance Jio Infocomm and Reliance Communications had resulted in a "virtual merger" of the two companies. "Mukesh and Anil Ambani are two brothers working relentlessly to fulfil the dream of Dhirubhai Ambani and this association has accomplished a virtual merger between R-Com and Jio,'' R-Com chairman Anil Ambani told shareholders at the company's AGM here today. |
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Reliance Communications sees debt falling three-quarters in a year
Posted on 27th September 2016 |
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Mumbai: Reliance Communications Ltd, the most leveraged among the nation’s listed phone carriers, aims to cut its debt by more than three-quarters within a year, chairman Anil Ambani said on Tuesday. Speaking at the company’s annual shareholders’ meeting in Mumbai, Ambani also said its deal with Reliance Jio Infocomm Ltd, a new telecoms venture of his brother, to jointly offer 4G services was like a “virtual merger” between the two companies and would help Reliance Communications cut costs. |
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R-Com-Aircel to raise $1 billion
Posted on 16th September 2016 |
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The combined carrier of Reliance Communications (RCom) and Aircel is looking at raising $1 billion from foreign financial investors, even as it looks to create a war chest for expansion - mainly in data-led opportunities. The Anil Ambani-owned RCom and Aircel had, on Wednesday, announced the merger of their wireless business to create the country’s fourth-largest telecom operator. The merger is likely to be consummated by the first half of 2017. |
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