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Reliance Communications Ltd (RLCM.NS)

RLCM.NS on National Stock Exchange of India

25 Oct 2016
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Latest Key Developments (Source: Significant Developments)

India's Reliance Communications says net debt at $6.27 bln as of end-June
Thursday, 15 Sep 2016 03:14am EDT 

India's Reliance Communications :Net debt at 420.71 billion rupees ($6.27 billion) as at end-June versus 413.62 billion rupees in March - quarterly report.  Full Article

India's Reliance Communications Q1 net profit rises 6 pct
Wednesday, 14 Sep 2016 10:10am EDT 

Reliance Communications Ltd :Q1 net profit 540 million rupees vs 510 million rupees a year earlier.  Full Article

Reliance Communications' wireless business to merge with Aircel
Wednesday, 14 Sep 2016 08:59am EDT 

Reliance Communications Ltd : Reliance Communications says Rcom and Maxis Communications Berhad (MCB) announce largest ever consolidation in Indian telecom sector . Rcom and MCB to hold 50% each in 'mergedco' with equal representation on board and committees . Wireless business of Rcom to be combined with Aircel Ltd. through court approved process of demerger . Transaction will reduce rcom debt by Rs 20,000 crore (USD 3 bln) or over 40% of total debt . Combined entity to enjoy enhanced business continuity through extended validity of spectrum till 2033-2035 . Mergedco's subscribers will have access to nationwide 'gold standard' 4G LTE services on the sub-1 GHZ band . NPV of capex and opex synergies estimated at about 200 billion rupees . Transaction will reduce Aircel debt by Rs 4,000 crore (USD 600 mn) on closing in 2017 . Merged entity will be managed by an independent professional team under the supervision of the board . On consummation of merger, Rcom and MCB committed to additional equity infusion into Mergedco . Both parties are already in talks with leading international investors for additional equity infusion into Mergedco .  Full Article

Reliance Communications seeks members' nod for issue of NCDs
Tuesday, 30 Aug 2016 12:48am EDT 

Reliance Communications Ltd : Seeks members' nod for or making offer to subscribe secured/unsecured/ redeemable NCDs on private placement basis .  Full Article

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


India's RCom to sell tower arm majority stake to Canada's Brookfield for $1.7 billion

MUMBAI India's Reliance Communications is selling a 51 percent stake in its tower assets to Canada's Brookfield Infrastructure Group for 110 billion rupees ($1.65 billion), in a deal that will help cut the phone carrier's huge debt.