| Reliance Communications (RCOM) Related news |
Bharti Airtel, Idea Cellular, RCom surge as telecom panel roots for 3% spectrum usage fee
Posted on 8th June 2016 |
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Bharti Airtel, Idea Cellular and Reliance Communication shares surged in Wednesday’s trade after Telecom Commission on Tuesday stood by its decision to levy 3 per cent spectrum usage charge (SUC) of adjusted gross revenue on telecom operators. At 12.02 pm, shares of Bharti Airtel, Idea Cellular and Reliance Communications were trading up 2.22 per cent, 0.52 per cent and 2.07 per cent. |
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Reliance Communications deal with Aircel likely by June
Posted on 7th June 2016 |
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Reliance Communications (RCom), the country’s fourth largest telecom operator, which has been looking to create a 50:50 joint venture with Aircel promoted by Maxis Communications, expects to close out the deal by the end of June. The new entity, a senior executive observed, should kick off operations with revenues of around Rs 25,000 crore. |
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Reliance Communications slips on weak Q4 results
Posted on 31st May 2016 |
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Reliance Communications has slipped 2% to quote at Rs 48 on the BSE after the company posted a 22% drop in the March quarter net profit owing to lower revenue from voice and data services. Meanwhile, the company reported a net profit of Rs 1.77 billion ($26.36 million) for its financial fourth quarter to March 31, as against Rs 2.28 billion in the previous year. The total income from operations declined 1.3% to Rs 56.17 billion. |
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Idea Cellular, Bharti Airtel, Reliance Comm shares recover after SC order on call drop
Posted on 11th May 2016 |
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Telecom stocks such Idea Cellular, Bharti Airtel and Reliance Communications pared their initial losses after the Supreme Court quashed a TRAI order on compensating consumers for call drop. The apex court said that TRAI recommendation making it mandatory for telecos to compensate subscribers for call drop is arbitrary, unreasonable and non-transparent. |
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RCom offers 10GB of 4G data at Rs 97 per month
Posted on 5th May 2016 |
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The much-awaited disruption in mobile data pricing has been kicked off by Reliance Communications. The company is offering 10 GB of 4G data bundled with 150 voice minutes for Rs 93 a month. In some states, the company is offering these packs between Rs 75 and Rs 97 per month. Reliance Communications is in the process of moving its CDMA subscribers to its GSM network by offering voice and 4G data at very attractive prices. The promotional tariffs are being offered to move their CDMA subscribers to the 4G platform, which it is offering in alliance with Jio. |
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RCom shares surge nearly 6% on spectrum-sharing deal with Reliance Jio
Posted on 23rd April 2016 |
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MUMBAI: Shares of Reliance Communications surged nearly 6 per cent today after the Department of Telecom (DoT) approved the spectrum-sharing deal between Reliance Jio Infocomm and RCom. The stock advanced by 5.46 per cent to settle at Rs 56.95 on BSE. During the day, it soared 7 per cent to Rs 57.80. |
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DoT approves RJio, RCom spectrum sharing in nine circles
Posted on 22nd April 2016 |
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The Department of Telecommunications (DoT) on Friday approved spectrum sharing between Reliance Communications and Reliance Jio in nine circles including Mumbai, Himachal Pradesh and Haryana. This will allow both the firms to offer 4G services on 10 MHz block in 800 Mhz band after the sharing arrangements. The nine circles are Mumbai, UPE, Madhya Pradesh, Haryana, West Bengal, Odisha, Himachal Pradesh, Assam, and the North East, according to a filing on stock exchanges. |
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IBM partners Rcom to provide cloud services
Posted on 11th April 2016 |
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Technology giant IBM has partnered Reliance Communications (Rcom) to provide a complete portfolio of cloud services to customers. "It is working with Reliance Communications to provide its customers with a complete portfolio of highly secure and scalable infrastructure as a service (IaaS) offerings running on the IBM cloud," IBM said in a statement today.
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RCom to upgrade all CDMA customers to 4G network from May
Posted on 7th April 2016 |
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Telecom operator Reliance Communications will upgrade all its CDMA customers to 4G network in a phased manner, starting May 4. "RCoM has informed DoT that it will be upgrading its network from CDMA to LTE (4G) technology using the liberalised 800 Mhz spectrum. It will roll out LTE services progressively in these service areas from May 4," an official source told PTI. |
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RCom extends merger talks with Aircel by 60 days
Posted on 24th March 2016 |
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Reliance Communications (RCom) and the shareholders of Aircel are going to discuss a potential merger exclusively for another two months. Rcom said on Wednesday it had extended the exclusive period to negotiate a possible merger with Aircel to May 22, 2016. The decision to merger is part of the consolidation witnessed by the industry to derive benefits in opex and capex synergies and revenue enhancement. |
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