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Reliance Communications Ltd (RLCM.BO)

RLCM.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Reliance Communications says co expects to announce proposed aircel deal very shortly
Thursday, 23 Jun 2016 05:17am EDT 

Reliance Communications Ltd : Expects to sign binding documentation and announce the proposed Aircel transaction very shortly . RCOM and Maxis Communications Berhad and Sindya, shareholders of Aircel, expect to sign binding definitive documentation .  Full Article

Reliance Communications March-qtr ARPU up 10.6 pct Q-o-Q
Monday, 30 May 2016 08:47am EDT 

Reliance Communications Ltd : March-quarter ARPU at 157 rupees, up 10.6 percent Q-o-Q . March-quarter RPM at 47.7 paisa, up 5.5 percent Q-o-Q .  Full Article

Reliance Communications March-qtr consol profit down about 22 pct
Monday, 30 May 2016 08:37am EDT 

Reliance Communications Ltd : March-quarter consol net profit 1.77 billion rupees; March-quarter consol total income from operations 56.17 billion rupees .  Full Article

India's Reliance communications extends merger talks with Aircel by 30 days
Saturday, 21 May 2016 06:49am EDT 

Reliance Communications: Extends talks for combination of wireless business with Aircel Limited by 30 days to June 22, 2016. Further company coverage: [RLCM.NS] (Reporting by Himank Sharma) ((himank.sharma@thomsonreuters.com;)).  Full Article

Aktsionernaya Finansovaya Korporatsiya Sistema OAO announces merger of its Indian telecommunications business with business of Reliance Communications Ltd
Sunday, 1 Nov 2015 07:00pm EST 

Aktsionernaya Finansovaya Korporatsiya Sistema OAO:Announces the signing of binding documents regarding the merger of Sistema's Indian telecommunications business with business of Reliance Communications Ltd.The signed documentation provides for the demerger of the telecommunication business from Sistema Shyam TeleServices Ltd (SSTL) and its merger with the telecommunications business of Reliance Communications Ltd (RCom).As a result of the merger, SSTL will acquire and hold a 10 pct equity stake in RCom.In addition, prior to the transaction's completion, SSTL plans to pay off existing debt.Following the completion of the transaction, RCom will take responsibility for payment of SSTL's frequency spectrum licensing fees payable by installments to the Department of Telecommunications of India.An appropriate earn-out mechanism has also been agreed in relation to disputed spectrum contiguity charges claimed by the Department of Telecommunication of India.The closing of the transaction is expected in the second quarter of 2016.Post closing of the deal, minority shareholders of SSTL will be given an option to exchange their shares in SSTL with the pro-rata RCom shares held by the company.  Full Article

ZTE Corp signs contract with Reliance Communications India
Tuesday, 13 Oct 2015 11:30pm EDT 

ZTE Corp:Has signed a new 100G optical transportation network (OTN) contract with Reliance Communications India.  Full Article

Aktsionernaya Finansovaya Korporatsiya Sistema OAO's Indian unit, Reliance Communications Ltd in merger talks
Sunday, 14 Jun 2015 08:00pm EDT 

Aktsionernaya Finansovaya Korporatsiya Sistema OAO:Says that it has entered into exclusive discussions with Reliance Communications (RCOM) on a potential merger between the Indian telecom business of Sistema Shyam TeleServices Ltd. (SSTL) and RCOM, through a stock swap.The discussions are indicative and non-binding in nature, and remain subject to due diligence, definitive documentation and approvals, as may be necessary.There is no certainty that any transaction will result.  Full Article

Datawind Inc partners with Reliance Communications to provide affordable internet access across india
Tuesday, 17 Mar 2015 07:00am EDT 

Datawind Inc:Says details of its previously disclosed carrier relationship.DataWind is partnering with Reliance Communications to offer bundled unlimited internet browsing for one-year with any of its devices across Reliance Communications' entire Indian coverage network.In addition, DataWind has launched three new smartphone models.  Full Article

Reliance Communications Ltd announces credit rating from Fitch and Moody's
Tuesday, 3 Mar 2015 12:50am EST 

Reliance Communications Ltd:Says that Fitch Ratings (Fitch) has assigned a long-term foreign- and local-currency issuer default ratings (IDR) of 'BB-' (stable outlook) to the company.Moody’s Investors Services (Moody's), has assigned corporate family rating (CFR) of Ba3 (Stable Outlook) to the company.Says that this is first time that Fitch and Moody's have assigned ratings to the company.  Full Article

Reliance Communications Ltd announces appointment of auditor
Tuesday, 30 Sep 2014 04:53am EDT 

Reliance Communications Ltd:Announced the appointment of M/s. Chaturvedi & Shah, Chartered Accountants and M/s. B S R & co. LLP, Chartered Accountants, as the auditors of the company.  Full Article

India's Reliance Communications Q4 net profit falls 22 pct

MUMBAI, May 30 India's Reliance Communications Ltd on Monday posted a 22 percent fall in its fourth-quarter net profit, hurt by lower revenue from voice and data services.