Page 11 - Reliance Communications

R-Com, Aircel create 4th-largest telco

Both will have 50:50 stake in the new entity, brand name to be decided later

RCom profit up 5.8%

54-cr profit was posted for June quarter in FY17

RCom & Aircel come together to create India's 4th largest telco

The merged entity will have the second largest spectrum holding amongst all operators, aggregating 448 MHz

RCom launches cloud-based network platform for enterprises

Cloud X WAN will provide cloud-based managed services worldwide across the company's proprietary Cloud X platfor

Reliance Communications launches content delivery network

It is designed to take 'Digital India' from promise to fruition

RCom plans to promote app-to-app calling

It is offering 300 minutes of app-to-app calling for Rs 39

FIPB rejects Flag Telecom's proposal to set up arm

Sources in the know said Flag Telecom Singapore, a 100%-owned subsidiary of RCom, plans to acquire a company and set up a subsidiary in India

Reliance Communications gains as ICRA upgrades credit rating

The stock was trading higher by 3% at Rs 48.95 on the BSE, in otherwise subdued market.

RCom worst in telcos' call drop test at Hyderabad

The call drop rate was at 4.8% for its 2G service and 5.5% for CDMA service

RCom-Aircel merger picks up pace, might conclude in July

Companies to transfer Rs 14,000-crore debt each to new entity; sale of tower biz not contingent for merger

Deleveraging, merger with smaller telcos key triggers for RCom

The company is trailing peers on the operational front

Reliance Communications gains on FII buying

On May 31, Integrated Core Strategies (Asia) Pte. had purchased 18.48 million shares of RCom at Rs 46.96 per share.

RCom extends exclusivity period for merger talks

Maxis Communications and Sindya Securities are shareholders of Aircel

RCom, Aircel merger talks extended again by 30 days

RCom eyeing slightly higher share in new entity; talks are going on around actual shareholding

Moody's turns negative on RCom as asset sale gets delayed

Analysts at Moody's further state that RCom continues to have a weak liquidity profile, and remains reliant on recurring covenant waivers from banks due to its high leverage

Reliance Communications dips after ratings outlook downgrade by Moody's

Moody's has cut the ratings outlook to 'negative' from 'stable'

RCom gets CCI nod for acquiring Sistema Shyam

In November 2015, RCom announced acquisition of Sistema's Indian telecom unit in an all-stock deal that will create an operator with 118 mn subscribers