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Reliance Communications Ltd (RLCM.BO)

RLCM.BO on Bombay Stock Exchange

20 Jan 2017
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Rs-1.10 (-3.41%)
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Fri, Jan 6 2017

UPDATE 1-India bars Aircel from changing airwave ownership, potentially delaying merger

* Aircel has agreed to merge with Reliance Comm's wirelss arm (Adds context)

India's top court temporarily bars Aircel from selling airwaves

NEW DELHI, Jan 6 India's Supreme Court on Friday halted mobile phone carrier Aircel from selling its airwaves over an ongoing case of alleged corruption, potentially delaying a proposed deal with rival Reliance Communications.

India's Reliance Comm signs binding pact with Brookfield for $1.6 billion tower stake sale

MUMBAI Indian telecommunications carrier Reliance Communications Ltd said on Wednesday it had signed a binding pact with Canada's Brookfield Infrastructure for selling a stake in its mobile phone tower business.

BRIEF-India's RCom says special leave petition against co on FCCB dismissed by supreme court

* Supreme court dismisses special leave petition filed by income-tax department against reliance communications on fccb

BRIEF-Reliance Communications forms subsidiary co Towercom Infrastructure Pvt Ltd

* Incorporation of a subsidiary co Towercom Infrastructure Pvt Ltd Source text: http://bit.ly/2f3pOa5 Further company coverage:

BRIEF-Reliance Communications unit buys Onyx Newco LLC

* Reliance Communications - subsidiary Reliance Globalcom Services Inc, has acquired a newly incorporated company named "Onyx Newco LLC" Source text - (http://bit.ly/2ggrp1a) Further company coverage:

BRIEF-India's Reliance Comm says CAPEX at 20 bln rupees this year, lower than pvs year

* Exec says this year's CAPEX at around 20 billion rupees, lower than last year

BRIEF-India's Reliance Communications Q2 net profit plunges

* RPM at 44.6 paisa, down 1 percent q-o-q and ARPU at 155 rupees, up 5 percent Q-O-Q

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.

UPDATE 1-India's RCom to sell tower arm majority stake to Canada's Brookfield for $1.7 bln

* Reliance Comms signed non-binding term sheet with Brookfield

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