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PTI
Mumbai, September 18, 2018
Anil Ambani said that the first priority for RCom, which is credited for democratising telecom services through cheaper offers in early 2000s, is to resolve its over Rs 40,000 crore debt.


Manu Kaushik
New Delhi, September 5, 2018
Reliance Communication is racing against time to conclude the deal with Reliance Jio to sell its wireless business, towers, fibre and media nodes, for about Rs18,000 crore.


PTI
August 27, 2018
Anil Ambani-led Reliance Communications (RCom) today said it has completed the planned sale of optical fibre assets worth Rs 3,000 crore, to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).


PTI
August 23, 2018
The transaction entailed 248 nodes covering close to 5 million sq. ft. of area, used for hosting the telecom infrastructure, all of which now stands transferred to Jio, RCom said in a statement.


BusinessToday.In
August 9, 2018
At 9:56 am, the Sensex was trading 117 points higher at 38,004 level.  Meanwhile, the Nifty inched closer to the 11,500 level,  rising 45 points from its previous close. It hit all time high of 11,495 level.


BusinessToday.In
August 3, 2018
The court asked RCom to pay Rs 550 crore to Ericsson by October 1. It also directed Anil Ambani to give an undertaking to pay the amount to Ericsson.


PTI
June 13, 2018



Manu Kaushik
New Delhi, June 11, 2018
The scale of value destruction in the telecom sector has been huge. Only sensible policies and practices can save it now.


BusinessToday.In
May 31, 2018
The stock opened with a gain of 10% today. The stock is down 7.50% during the last one year. It has fallen 48.92% since the beginning of this year.


PTI
May 30, 2018



BusinessToday.In
New Delhi, May 30, 2018
A two-member NCLAT bench also directed the RCom MD to file an undertaking about the settlement amount. Ericsson India would also file an undertaking before the tribunal over the acceptance offer.


BusinessToday.in
New Delhi, May 30, 2018
AirAsia CEO Tony Fernandes booked by CBI for violating aviation normsThe CBI has booked AirAsia CEO Tony Fernandes and several others for allegedly violating aviation norms. The crime branch is also carrying out searches at six locations. On Tuesday, the CBI said that they booked these officials over alleged violation of aviation norms, namely the 5/20 rule for getting international flying licenses as well as violation of Foreign Investment Promotion Board (FIPB) rules. The 5/20 r...


PTI
May 29, 2018



BusinessToday.In
New Delhi, May 29, 2018
RCom and its two subsidiaries -- Reliance Infratel Limited and Reliance Telecom Limited -- owe around Rs 978 crore to Ericsson. They all had entered into a seven-year agreement with Ericsson in 2013 for operational services, including mobile towers, broadband, fixed line, wireless voice, etc.


PTI
May 29, 2018



Manoj K Singh
New Delhi, May 28, 2018
Surprisingly, almost all the telecom players have outsourced the day-to-day management of their network to network management service companies, an industry dominated by two-three major players of which Ericsson India Private Limited (Ericsson), a subsidiary of Swedish based multinational telecommunications and networking company headquartered in Stockholm, is one.


BusinessToday.In
May 24, 2018
In a bid to capture the major market share, teleco companies in India have been rolling out new plans. These plans, available at cheap rates, have added users for Bharti Aritel, Vodafone India, and Idea Cellular.


PTI
May 18, 2018



BusinessToday.In
May 18, 2018
The stock has risen 72.71% in two sessions. On Thursday, the stock closed 57 percent higher to 16.55 on BSE. Buying was also seen in other ADAG stocks, with Reliance Naval and Engineering rising 33.07 per cent, Reliance Capital (4.64 per cent) and Reliance Infrastructure (3.21 per cent) yesterday.


Nevin John
May 18, 2018
The total market value of the Anil Ambani's Reliance Group companies comes to around Rs 36,000 crore now, compared to aggregate peak values of over Rs 4 lakh crore.


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