Reliance Communications (BOM:532712)

QUOTE AND NEWS
The Hindu Business Line  Sep 27  Comment 
Reliance Communications (RCom) has achieved a ‘virtual merger’ with the new entrant Reliance Jio Infocomm (RJio), while it is looking to reduce its debt by 75 per cent over the next one year. Further...
The Economic Times  Sep 27  Comment 
"My target is we will see a debt reduction by more than 75 percent of existing debt in a year's time," billionaire Ambani told shareholders.
The Economic Times  Sep 24  Comment 
Reliance Jio can bid in any licensed service area (LSA) across the country, while Reliance Communications can bid across the country except northeast and Assam.
The Economic Times  Sep 16  Comment 
The market's concern doesn't seem to be misplaced given that these companies have been facing headwinds while growing their respective businesses.
The Economic Times  Sep 16  Comment 
Gurdeep Singh, chief executive-consumer business at RCom, didn’t talk about specifics related to tower deal, but said the company was focussed on deleveraging.
The Economic Times  Sep 15  Comment 
Reliance Communications executives also said the merged carrier might have to pay additional fees to the government for certain mobile spectrum held by Reliance Communications.
The Hindu Business Line  Sep 15  Comment 
Shares of Reliance Communications Ltd rose as much as 3.62 per cent to their highest in two weeks as the company plans to merge mobile business with Aircel.The company had said yesterday that it would...
The Hindu Business Line  Sep 14  Comment 
Reliance Communications (RCom) has posted a 6.3 per cent rise in net profit for the quarter ended June 30 at Rs 54 crore, compared with Rs 51 crore posted during the same quarter a year ago.The compan...
The Times of India  Sep 14  Comment 
In the biggest consolidation deal in India's telecom sector, Reliance Communications and Aircel on Wednesday announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore.
The Economic Times  Sep 13  Comment 
The matter is likely to come up for discussions at the RCom board meeting scheduled for Wednesday to consider and approve unaudited financial results for the quarter ended June.





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Business Profile

Reliance Communications (RCOM), a part of Anil Dhirubhai Ambani group, was originally incorporated on July 15, 2004 as a private sector company. The status of the company changed from private to public on July 25, 2005. RCOM was formerly known as Reliance Communication Ventures Ltd. RCOM has its corporate office in Navi Mumbai, India.

Reliance Communications offers a reliable, high-capacity, integrated (both wireless and wireline) and convergent (voice, data and video) digital network. It offers a range of services spanning the entire infocomm (information and communication) value chain, including infrastructure and services ? for enterprises as well as individuals, applications, and consulting. RCOM provides a complete range of telecom services covering mobile and fixed line telephony which includes broadband, national and international long distance services and data services along with an exhaustive range of value-added services and applications.

Reliance Communications owns and operates the world`s largest next generation IP enabled connectivity infrastructure, comprising over 165,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

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