Reliance Communications (BOM:532712)

QUOTE AND NEWS
The Economic Times  Jul 11  Comment 
"Reliance Communications Ltd is a 'SELL' call with a target of Rs 116 and a stop loss of Rs 130.50."
The Economic Times  Jul 7  Comment 
Telcos likely to report modest sequential growth in RPM in the quarter to June as their attempts to cut discounts on calls were restricted due to lower rates offered by smaller players.
The Times of India  Jul 7  Comment 
Anil Ambani-led Reliance Communications will cut workforce by as much as 5,500 employees by outsourcing BPO and shared services operations, taking the overall headcount down by over 15,000 employees since January last year.
The Economic Times  Jul 7  Comment 
BSNL’s overall base decreased by 1.57 million subscribers to 91.6 million subscribers, while MTNL added 11,606 subscribers in May.
Reuters  Jul 7  Comment 
Reuters Market Eye - Shares of Reliance Communications Ltd gain 1.8 percent after index provider FTSE raises the weightage of the stock in its index series on Friday.
The Economic Times  Jul 6  Comment 
The attempt to cut staff costs — Rs 307.3 cr in Q1 — is aimed at complementing sales efforts. These will be the second wave of RCOM's outsourcing deals.
The Hindu Business Line  Jul 2  Comment 
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Wednesday quashed a ₹72-crore penalty imposed by the Department of Telecommunications on Reliance Communications (RCom). ...
The Economic Times  Jul 2  Comment 
US and European institutional investors bought a majority of shares in the over Rs 4,800-cr QIP offering by Reliance Communications.
The Economic Times  Jul 1  Comment 
The largest QIP was from Reliance Communications of Rs 4,808 crore, followed by Idea Cellular (Rs 3,000 crore) and Yes Bank (Rs 2,942 crore).
The Economic Times  Jun 27  Comment 
RCOM had begun share sale late on June 24 and closed it early next day after receiving bids worth over Rs 12K cr from mainly long-term US funds.





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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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