Page 12 - Reliance Communications

Reliance Communications to sell tower arm majority stake to Canada's Brookfield for $1.7 billion

The company will use the proceeds of the deal with Brookfield 'solely' to repay debt

Reliance Communications to sell 51% tower business stake to Brookfield for Rs 11,000 crore

The tower sale deal along with the merger of RCom's wireless biz with Aircel - will reduce the company's debt by nearly 60% to Rs 17,000 cr

The tech-savvy matriarch

Answering shareholder queries on making technology easier for senior citizens, Reliance Communications Chairman Anil Ambani said at the company's annual general meeting on Tuesday that his role model, his mother, Kokilaben Ambani was active on all the major social media platforms such as Facebook, Instagram, WhatsApp and Pinterest. Citing her case, he said there was no age for learning, which was a lifelong process. Anil Ambani also said she kept asking him about what the next big thing would be. Her latest query to her younger son: "What is VR and how do you use it?" "If I don't answer her queries, she will send me a list of links which talk about virtual reality," quipped Anil Ambani.

Moody's to review R-Com rating

Moody's said that estimations for RCOM's adjusted consolidated debt/EBITDA has deteriorated further during the quarter ended June, 2016

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'