Reliance Communications

  • J&K limps back to normalcy, mobile services partially restored 6 days ago

    Srinagar: After having been cut off for more than a week, Jammu and Kashmir is heading back to the communication grid. Telecom servies in the flood hit Kashmir Valley are being normalised with BSNL restoring around 80 per cent of the affected network. Other private mobile service providers inlcuding Airtel,...
  • Reliance plans Rs 1.8 lakh cr spending; to start 4G next year June 18, 2014

    Mumbai: Reliance Industries will start offering 4G telecom services next year and unveiled a Rs 1.8 lakh crore investment plan across businesses aimed at catapulting it into the top 50 companies of the world. About five years after buying out Infotel Broadband Services within hours of the firm winning nationwide wireless...
  • RCOM introduces 'One India, One Rate' scheme June 9, 2014

    Reliance Communications customers can now enjoy one rate for roaming, local and STD calls-from anywhere in the country after the company launched its 'One India, One Rate' scheme on Monday. It is a first-of-its-kind free national roaming offer for post-paid and pre-paid GSM customers. Targeting a big share of corporate, SME...
  • Free talk-time, recharge benefits by Reliance for cyclone Phailin hit Odisha October 23, 2013

    To help people connect with each other in the aftermath of devastation by cyclone Phailin, a mobile telephone service provider is offering free talk time in Odisha. Reliance Communications is offering a daily free recharge of 10 minutes for a period of five days, from October 20 to its customers on...
  • Telecom stocks surge after sharp cut in spectrum price September 10, 2013

    Shares of telecom service providers surge after India proposed a 60 percent cut in mobile spectrum prices in response to lukewarm interest from telecom companies in two previous sales. Analysts say the cut in reserve prices is positive for incumbents and more such moves may come considering lower demand for spectrum...
  • ITSB crossed 90 cr mark in May, informs TRAI August 16, 2013

    Registering a marginal growth, Indian telecom subscriber base (ITSB) crossed 90 crore-mark in May this year after almost two years. The base grew by 0.34 per cent to reach 90.005 crore, according to Trai data. This is the second time the subscriber base is breaching the 90 crore-mark. Earlier in June 2012,...
  • Reliance Communications halves 3G data price July 18, 2013

    New Delhi: Reliance Communications, India's third-biggest mobile phone carrier by customers, has cut the price of third-generation data services by half, Gurdeep Singh, head of the company's mobile business, said on Thursday. Only about 5 per cent of India's 850 million mobile users have subscribed to 3G services, which are estimated...
  • Reliance Communications clears debt of Rs 6,000 crore July 1, 2013

    New Delhi: Reliance Communications on Monday said it has made full repayment of two loans amounting to $ 1 billion (around Rs 6,000 crore), during the June quarter. The company has completed full repayment of two Syndicated ECB loan facilities of $ 500 million each, which were availed in 2007 from...
  • Ambani brothers strike Rs 12,000-cr telecom tower deal June 7, 2013

    Mumbai: Billionaire Ambani brothers on Friday announced a Rs 12,000-crore deal, wherein Mukesh will use towers owned by a firm run by his younger sibling Anil for launch of his telecom venture. Reliance Industries Ltd's telecom arm will lease up to 45,000 mobile masts from Reliance Communications Ltd in a...
  • RCom raises pre-paid mobile call rates by 33 per cent May 27, 2013

    New Delhi: Reliance Communications has raised basic rates for both GSM and CDMA pre-paid mobile-to-mobile calls by 33 per cent to 2 paise per second from 1.5 paise per second. According to details on the company's website, it will charge base rate of 2 paise per second for mobile-to-mobile calls. ...
  • Reliance Comm hikes mobile call rates by at least 20 pc May 6, 2013

    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...
  • Morgan Stanley upgrades Reliance Comm to 'overweight' April 9, 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...
  • RComm shares extend gains after Ambani bros deal April 3, 2013

    Mumbai: 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. Under the deal, Reliance Industries Ltd, controlled by Mukesh Ambani, will pay Rs 12 billion...
  • Ambani brothers sign Rs 1200 crore deal for telecom biz April 3, 2013

    New Delhi: 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...
  • Morgan Stanley upgrdaes RComm to 'equal-weight' March 26, 2013

    Mumbai: 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. However, Morgan Stanley warns a key risk remains in Reliance Communications' debt levels, estimating its net debt to EBITDA at around five times...
  • Reliance Communications signs $1 bn contract with Ericsson February 11, 2013

    Mumbai: 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...
  • Alcatel wins 8-year deal valued at over $1 bn from Reliance Comm January 16, 2013

    Mumbai: 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. The network outsourcing contract will cut costs for India's No. 3 carrier, where 4,000 - or about...
  • Reliance launches new 3G tablet for Rs 14,499 July 19, 2012

    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...
  • RCom bags Rs 300-cr Aadhaar contract March 5, 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...
  • Reliance Comm profit falls for 10th straight quarter February 11, 2012

    New Delhi: Reliance Communications reported its 10th straight quarter of declining profit as interest costs soared, with investors betting on a sale of the No 2 mobile operator's tower business to pare its heavy debt load. Reliance Communications, which last month secured $1.18 billion loans from Chinese banks to redeem dollar...
  • DB Realty, Unitech, RCom share prices rise November 23, 2011

    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...
  • 2G: relief for Swan, RCom; DoT to check ties November 8, 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...
  • Review: Reliance 3G Tab September 21, 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...
  • Short covering lifts Sensex 200 pts at close August 22, 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,...
  • Reliance Communications increases call tariffs August 14, 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...
  • Reliance Communications launches Rs 13K tablet August 9, 2011

    New Delhi Reliance Communications, India's second-biggest mobile phone carrier by subscribers, on Tuesday said it has launched a tablet computer priced at Rs 12,999. "We believe the unmet demand of a fully-loaded tablet at an aggressive price point will now fuel the aspirations of the evolved customers," Mahesh Prasad, President,...
  • CBI questions A Raja, 2 others in 2G scam July 18, 2011

    New Delhi: The Central Bureau of Investigation (CBI) on Monday questioned former telecom minister A Raja, former telecom secretary Siddartha Behura and Gautam Doshi with regards to Loop Telecom's association with Essar, sources said. According to sources, a complaint regarding Loop's irregularity in getting the license was made in 2010. It...
  • SC rejects plea for CBI probe against Sibal July 11, 2011

    New Delhi: In a major relief for Union Telecom Minister Kapil Sibal, the Supreme Court on Monday rejected to entertain an affidavit filed by senior lawyer Prashant Bhushan for a probe by the Central Bureau of Investigation (CBI) for allegedly favouring Anil Ambani's Reliance Communications. The apex court observed that there...
  • BJP accuses Sibal for waiving RCom's penalty July 9, 2011

    New Delhi: The BJP on Saturday accused Telecom Minister Kapil Sibal of misusing his Cabinet position to give a penalty waiver to Reliance Communications and maintained that by terming the PIL on the issue a move to defame him he is insulting the courts. "This whole government has become a shield...