Reliance Communications Ltd (RLCM.BO)
30 Jun 2016
Mon, May 30 2016
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.
* Extends talks for combination of wireless business with Aircel Limited by 30 days to June 22, 2016. Further company coverage: (Reporting by Himank Sharma)
(The following statement was released by the rating agency) SINGAPORE, March 02 (Fitch) Fitch Ratings has affirmed India-based telecoms service provider Reliance Communications Limited's (Rcom) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) of 'BB-'. The Outlook is Stable. Fitch has simultaneously affirmed the 'BB-' rating on Rcom's USD300m 6.5% senior secured notes due 2020. KEY RATING DRIVERS Deleveraging is Likely: The affirmation factors in Rcom's commitment to delev
MUMBAI India's Reliance Communications Ltd (RCom) expects to reach a deal to sell its mobile phone masts business to a group of companies led by buyout firm TPG Capital Management LP in the next two weeks, its chief executive said on Monday.
MUMBAI, Jan 25 India's Reliance Communications Ltd (RCom) expects to reach a deal to sell its mobile phone masts business to a group of companies led by buyout firm TPG Capital Management LP in the next two weeks, its chief executive said on Monday.
MUMBAI Indian telecoms company Reliance Communications Ltd posted a 14.9 percent drop in quarterly profit on Friday, as cut-throat competition for customers in a crowded mobile phone market squeezed margins.
* Net profit at 1.71 bln vs 1.65 bln estimated (Adds earning details, context)
MUMBAI, Jan 22 Indian telecoms company Reliance Communications posted a smaller than expected 14.9 percent drop in quarterly net profit on Friday despite squeezed margins in its highly competitive domestic market.