| Reliance Communications (RCOM) Related news |
RCom raises over Rs 4,800 crore through sale of shares
Posted on 25th June 2014 |
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Reliance Communications Ltd, India's fourth-largest telecom operator, has raised over $800 million from sale of shares to institutional investors. The company got total bids of more than Rs 12,000 crore, half of which it has decided to retain. About Rs 4,800 crore (over $800 million) came from sale of shares to institutional investors, sources said. |
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Reliance Communications likely to launch up to $500 mn share sale: sources
Posted on 24th June 2014 |
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Indian mobile phone carrier Reliance Communications Ltd is set to launch as early as Tuesday an up to $500 million share sale to institutional investors, people directly involved in the deal said. Reliance Communications, headed by billionaire Anil Ambani, had as of end-March a net debt of 401.78 billion rupees ($6.7 billion), or more than five times its operating profit, making it the most-leveraged among listed Indian carriers. |
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Reliance Jio, RCom to ink roaming pact
Posted on 17th June 2014 |
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In what will extend the telecom alliance between the two brothers beyond infrastructure-sharing, Anil Ambani-promoted Reliance Communications (RCom) is tying up with Mukesh Ambani’s Reliance Jio for a pan-India intra-circle agreement, straddling the 800-MHz and 2,100-MHz bands. Currently, their alliance is restricted to sharing towers and fibre-optic network. |
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R-Com expands 3G footprint to five new circles
Posted on 11th June 2014 |
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Mumbai: Reliance Communications Ltd (R-Com), India’s fourth-largest telecom services provider, said on Wednesday that it had expanded its 3G footprint to five new circles in India—Karnataka, Andhra Pradesh, Tamil Nadu, Kerala and Uttar Pradesh (East). This takes its 3G presence to 18 circles. |
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