Reliance Communications Ltd (RLCM.NS)
29 Jul 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