Moody's changes RCom's outlook to negative from stable
Moody's Investors Service has changed the outlook of Reliance Communications (RCom) to negative from stable as there are persistent delays in the company's sale of non-core assets.07-04-2016
07-04-2016
Credit Rating
Reliance Communications Ltd has informed BSE that Moody's Investors Service, Inc., International rating agency, has affirmed Ba3 corporate family rating and senior secured Notes rating with outlook from stable to negative. This is due to delay in execution of deleveraging plan of the Company.07-04-2016
Cabinet approves policy change for liberalisation of spectrum, to get Rs 1,300 cr
RCom to liberalise spectrum in four circles and share with RJio06-04-2016
RCom extends merger talks with Aircel by 60 days
Decision to merge is part of the consolidation witnessed by the industry to derive benefits in opex and capex synergies and revenue enhancement23-03-2016
Reliance Communications Extends exclusive discussions for Potential Combination of its Wireless Business with Aircel
Reliance Communications Ltd has informed BSE regarding a Media Release dated March 23, 2016 titled "Reliance Communications Extends exclusive discussions for Potential Combination of its Wireless Business with Aircel".23-03-2016
Result of Court Convened Meeting
Reliance Communications Ltd has informed BSE that at the Court Convened meeting of the members of the Company held on March 8, 2016 to consider and approve Scheme of Arrangement of Sistema Shyam TeleServices Limited with the Company (Scheme), the Members of the Company have duly approved the Scheme, voting by way of poll at the meeting and through e-voting.Details of the voting result are enclosed in the prescribed format.08-03-2016
R-Cap rejigs model to apply for banking licence
The business would be merged with the wholly-owned subsidiary Reliance Gilts and the combined entity would then be renamed as Reliance Commercial Finance26-02-2016
Reliance Communications gets CCI go-ahead to acquire Sistema's MTS
Reliance Communications (RCom) today said fair trade regulator CCI has given nod to its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL) that operates under the MTS brand.22-02-2016
Approval of Competition Commission of India for transfer of Telecommunications Undertaking of Sistema Shyam Teleservices Limited to Reliance Communications Limited
Reliance Communications Ltd has informed BSE regarding "Approval of Competition Commission of India for transfer of Telecommunications Undertaking of Sistema Shyam Teleservices Limited to Reliance Communications Limited".22-02-2016
Reliance Communications-Aircel merger may run into debt hurdle
The telecom merger is subject to the condition that the two parties each reduce their debt to less than Rs10,000 crore15-02-2016