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Reliance Communications made full payment of a syndicated ECB loan facility of USD 500 million, over Rs. 2,700 crore, on the due date. The loan was taken in 2007 from a group of international banks
Regarding M/s Swan Telecom, which was the only applicant to get the spectrum in Delhi circle, I would like to state that M/s Swan Telecom as applicant was not even eligible for getting a UAS licence, in view of the cross holding clause. To the best of my understanding it was controlled entirely by M/s Reliance Communications
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Around the web
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Back on track with 3 quarters of growth: RCom CEO
Communications wants to make CDMA a data network, be dominant in the dongle business and migrate customers from the CDMA to GSM platform, the telcos' CEO Gurdeep Singh tells ET in an interview. The company also hopes to retire some of its Rs 37,000 crore debt from Economic Times Read more »
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Broker picks: Citi puts sell on Reliance Communications
has downgraded Reliance Communications to 'Sell' with a target price of Rs 98. It said there have been expectations of operational and B/S improvement due to gradual market repair and benefit of cost rationalization from decline in subscriber additions post from Economic Times Read more »
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Bull's eye: Buy Sonata Soft, UCO Bank, RCom; sell Dabur
has recommended buy rating on Sun Pharma Advanced Research Company, Autoline Industries, Sonata Software and Reliance Communications. Post your opinion here Like this story, share it with millions of investors on M3 SP Tulsian of sptulsian.com has recommended from Moneycontrol.com Read more »
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What’sApp to stay ad-free, tie up with more telcos
is looking to expand in India through tie-ups with telecom firms. The California-based company— which has an alliance with Reliance Communications— is talking to at least two other telecom service providers, Neeraj Arora, vice president for business development from Times of India Read more »
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CDMA biz to stop bleeding within 18 months: RCom
DELHI: Reliance Communications on Monday said it expects its CDMA technology-based mobile business to stop bleeding and start contributing to company's growth within 12 to 18 months. "We see in 12 to 18 months...bleeding stop completely and this segment also from Economic Times Read more »