Credit Rating
Reliance Communications Ltd has informed BSE that ICRA Limited has upgraded its outlook to Stable from negative on the Long Term rating 'BBB+' of the Company. It has also reaffirmed rating of A2+ for Short-Term Fund Based / Non Fund Based Limits and Commercial Papers of the Company.
Reliance Communications-Aircel: a merger of equals?
R-Com's competitive position has deteriorated considerably, but based on revenue market share, Aircel appears to be in a far better position Updates
Reliance Communications Ltd has informed BSE regarding Exercise of option to submit Consolidated Financial Results. Anil Ambani-led RCOM & Aircel may complete $6-billion merger by July
The deadline for exclusive negotiations was extended by a month until June 22 and executives are confident of sorting out outstanding issues within the next four weeks. Reliance Communications set to launch 4G services across India in phases
KOLKATA: Reliance Communications (RCom) is set to launch 4G services on its own across India in phases, starting mid-August from the key circles of Mumbai, Delhi, Kolkata, and will gradually leverage its sharing agreement with Reliance Jio Infocomm as clearances come through. India's fourth largest telco expects clearances from the telecom department on its sharing deal with Jio in eight circles in a week to 10 days, having already got approval for nine others previously. RCom has also received clearances to trade, or sell, its spectrum in nine circles to Jio for some Rs 4,800 crore, and plans to extend that pact to four more service areas for roughly Rs 1,000 crore, people familiar with the matter told ET. RCom "is also set to wrap up tests relating to lawful interception & monitoring (LIM) of its 4G network", completion of which will trigger the 4G launches, one of the persons said. It has also concluded LIM-related tests in 15 circles, and expects to wrap up the exercise in all 22 regions by June 20. In the first flush, RCom will launch 4G services in Mumbai, Delhi, Kolkata, Gujarat, Maharashtra, Madhya Pradesh, Andhra Pradesh, UP-East and UP-West, these people said. RCom now holds liberalised airwaves in the 800 MHz band across all 22 circles. It has forked out Rs 6,667 crore to the telecom department (DoT) to liberalise its 800 MHz airwaves in 20 circles. Besides, it already had such airwaves in Northeast and Assam acquired in the March 2015 auction. Liberalising or 'paying the market price'...
Reliance Communications, Aircel merger by June-end
The merged entity, which will be India's third largest telecom firm by subscribers, will save about Rs2,500 crore ayearthrough synergies between the two operations RCom's outlook remains negative, Moody's cautions further downgrade
RCom's FY 2015-16 results can be accommodated in its Ba3 corporate family rating and senior secured rating. The ratings outlook remains negative, Moody's said in a statement. RCom shares gain 8% despite negative call by brokerages
Shares of Reliance Communications have gained 8 per cent on value buying as the stock had corrected steely post dismal performance in March 2016 quarter, negative call by brokerages and shift to a sm... RCom: De-leveraging, merger with smaller telcos are key triggers
The company is trailing peers on the operational front
RCom looks to cut debt by 75 pc with Aircel, tower deal
RCom and Aircel talks, if successful, would lead to a combined entity holding 19.3 per cent of the total spectrum allocated to the industry -- the highest by an entity.