New Delhi: Reliance Communications on Monday raised mobile call rates by 20-30 per cent across India, a company statement said. "We have now corrected all commitment plans across the country and have increased tariffs by between 20 per cent and 30 per cent," Gurdeep Singh, chief executive officer, Wireless, Reliance Communications, said.
"Our headline tariff increase from 1.2 to 1.5 paise per second in October last year did not see any traffic elasticity and there has been no fall in customer demand or change in usage patterns, as we successfully migrated our entire base to the headline tariff."
The company cut its promotional and concessional offers by as much as 65 per cent as well. The statement said the Indian telecom industry was now heading for a phase of consolidation, with smaller operators shutting down or scaling down their operations and easing off hyper-competitive pressures. This will help pricing power move back to serious, long-term and pan-India scale operators and positively impact profitability.
The company has a customer base of about 130 million, including over 2.5 million individual overseas retail customers....
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07:22 PM, May 06, 2013
Mumbai: Morgan Stanley upgrades Reliance Communications Ltd to "overweight" from "equal-weight" on the back of the company's Rs 12 billion fiber optic network sharing deal with the telecom unit of Reliance Industries Ltd. The investment bank raises its fiscal 2014 earnings estimates for Reliance Comm by 125 per cent as a result of the deal and says additional deals could cut net debt by Rs 77 billion. "We see attractive...
09:42 AM, Apr 09, 2013
Shares in Reliance Communications extended gains on Wednesday, a day after announcing a fiber optic network sharing deal with Reliance Jio Infocomm, a unit of Reliance Industries, which is widely seen as benefiting both companies. ...
10:10 AM, Apr 03, 2013
Billionaire Ambani brothers on Tuesday struck a Rs 1,200-crore deal wherein Mukesh will use his younger sibling's optic fibre network for launch of his telecom venture. Under the pact, Mukesh Ambani-led Reliance Industries' telecom arm will hire nationwide optical fibre network of Reliance Communications for the roll-out of 4G services. ...
03:59 PM, Apr 02, 2013
Morgan Stanley upgrades Reliance Communications Ltd to "equal-weight" from "underweight," citing improving outlook for the telecoms sector due to higher tariffs, falling capex, and "more attractive" valuations. ...
11:00 AM, Mar 26, 2013
Reliance Communications has given a $1 billion contract to Ericsson to manage its network in orthern and western India over the next eight years. As per the contract, Ericsson will manage the day-to-day operations across wireline and wireless networks and take over responsibility for field maintenance, network operations and operational planning of Reliance Communications 2G, CDMA and 3G mobile networks. ...
04:14 PM, Feb 11, 2013
Franco-American telecoms equipment maker Alcatel-Lucent SA has won an eight-year deal valued at more than $1 billion to manage Indian carrier Reliance Communications Ltd's networks in the east and south of the country. ...
02:51 PM, Jan 16, 2013
New Delhi: Reliance Communications today announced the launch of its new 3G tablet with Android operating system. The Reliance 3G Tab is priced at Rs 14,499. Notably, RCom has already an Android tablet in its kitty which is available both in GSM and CDMA versions. The new Reliance 3G Tab comes with a 7-inch capacitive touch screen with Android 2.3 OS and a high speed processor of 1.4 GHz. This...
03:34 PM, Jul 19, 2012
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04:03 AM, Mar 20, 2012
New Delhi: Telecom services provider Reliance Communications (RCom), in a consortium led by IT firm HCL Infosystems, is believed to have bagged the Rs 300 crore contract for government's national identity card programme, Aadhaar. According to sources, Anil Ambani-led RCom will provide network and telecom support for Aadhar as part of a consortium led by HCL Infosystems. The value of the contract carried out by RCom is expected to be...
06:50 PM, Mar 05, 2012
New Delhi: Seeking clarity on pricing of spectrum and allocation, CEOs of five top telecom operators including Bharti Airtel, Reliance Communications and Idea Cellular will be meeting Telecom Minister Kapil Sibal on Tuesday. The high level government-industry interaction would take place for the second time within less than two months. The industry leaders, including Sunil Bharti Mittal, Anil Ambani and Kumar Mangalam Birla had met Prime Minister Manmohan Singh on...
08:17 AM, Jan 24, 2012
New Delhi: Seeking clarity on pricing of spectrum and allocation, CEOs of five top telecom operators including Bharti Airtel, Reliance Communications and Idea Cellular will be meeting Telecom Minister Kapil Sibal on Tuesday. The high level government-industry interaction would take place for the second time within less than two months. The industry leaders, including Sunil Bharti Mittal, Anil Ambani and Kumar Mangalam Birla had met Prime Minister Manmohan Singh on...
08:04 PM, Jan 23, 2012
New Delhi: Indian billionaire Anil Ambani's Reliance Communications is looking to raise up to $1.5 billion in a Singapore listing of its undersea cable unit, two sources said, though poor risk appetite globally and the company's unsuccessful deal-making history pose challenges. Reliance Communications, India's second-largest mobile firm by users, has long been trying to raise funds by selling assets to cut its debt load - $6.5 billion as of September...
03:01 AM, Jan 19, 2012
New Delhi: Chinese state banks have agreed to lend $1.18 billion to Indian billionaire Anil Ambani's debt-laden mobile carrier Reliance Communications to repay overseas convertible bonds due for redemption on March 1. India's No 2 mobile operator by subscribers had $6.5 billion in debt as of end-September and ferocious competition has seen it post nine straight quarters of declining profits. It has struggled to unload its telecoms tower business, which...
12:30 AM, Jan 18, 2012
New Delhi: DB Realty, Reliance Communications and Unitech rallied sharply after the Supreme Court granted bail to five corporates accused in 2G case. Ex-managing director of Unitech, Sanjay Chandra and DB Realty's Vinod Goenka, and Anil Dhirubhai Ambani group's top executives Gautam Doshi, Hari Nair and Surendra Pipara were granted bail on Wednesday. Each corporate will file two sureties of Rs 5 lakh each. DB Realty shot up 20 per...
11:28 AM, Nov 23, 2011
New Delhi: In what may come as some relief for Swan Telecom and Reliance Telecom, both of which are under investigation in the 2G spectrum allocation scam, the Law Ministry has told the Department of Telecom to do a detailed study of the crossholding pattern in the two companies before issuing a show cause to cancel their licences. The Law Ministry's opinion came after a draft show cause sought cancellation...
03:10 PM, Nov 08, 2011
A tablet computer. For the price of a smartphone. At a bit under Rs 13,000, the Reliance Tab definitely had me curious. After using it for a week, I'd say I'm pretty satisfied. Not that I have anything to benchmark it against. But still, there's enough bang for the bucks you pay. First, among the things I liked " the bright, sparkling screen display. Very welcoming after a long hard...
04:43 PM, Sep 21, 2011
Mumbai: Short covering led the Indian markets to close with 1 per cent gain. Analysts suggest that this is the first leg of short covering rally and it may continue for some more days. Nifty had lost nearly 15 per cent in last one month. Big boys like Reliance Industries, ITC, ICICI Bank, Larsen and HDFC lend a hand to the Nifty to surge above 4900 mark. Infosys, HDFC Bank,...
10:12 AM, Aug 22, 2011
New Delhi: Anil Ambani Group firm Reliance Communications has increased call charges by 20 per cent for both GSM and CDMA services in most of its operating circles. "We have increased tariffs in most of the circles over last couple of months in a phased manner, from 1 paisa to 1.2 paise per second," Syed Safawi, the head of RCom's wireless business, said. RCom said the hike in tariffs is...
01:48 PM, Aug 14, 2011
