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Reliance Communications Ltd (RLCM.BO)

RLCM.BO on Bombay Stock Exchange

27.55INR
23 Feb 2018
Change (% chg)

Rs0.15 (+0.55%)
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Latest Key Developments (Source: Significant Developments)

India Telecom Regulator Issues Directions To Rcom, Reliance Telecom Regarding Extension Of Validity Period Of UPCs
Thursday, 22 Feb 2018 05:14am EST 

Feb 22 (Reuters) - Telecom Regulatory Authority of India::TRAI - ISSUES DIRECTIONS TO RCOM, RELIANCE TELECOM, ACCESS SERVICE PROVIDERS, MNP SERVICE PROVIDERS TO ALLOW PORTING OF MOBILE NUMBERS TILL MARCH 20 .TRAI - ISSUES DIRECTIONS TO RCOM, RELIANCE TELECOM, ACCESS SERVICE PROVIDERS, MNP SERVICE PROVIDERS REGARDING EXTENSION OF VALIDITY PERIOD OF UPCS.  Full Article

India's Reliance Communications Dec-Qtr Consol Loss Narrows
Monday, 29 Jan 2018 07:47am EST 

Jan 29 (Reuters) - Reliance Communications Ltd ::DEC QUARTER CONSOL NET LOSS 1.30 BILLION RUPEES VERSUS LOSS OF 5.31 BILLION RUPEES LAST YEAR.DEC QUARTER CONSOL REVENUE FROM OPERATIONS 11.44 BILLION RUPEES VERSUS 16.75 BILLION RUPEES LAST YEAR.RELIANCE COMMUNICATIONS - ASSET MONETIZATION OF SPECTRUM, TOWER, FIBER AND TELECOM INFRASTRUCTURE ON TRACK, TO CLOSE BY MARCH 2018."RCOM EXPECTS TO DELIVER EVEN BETTER FINANCIAL PERFORMANCE IN THE COMING QUARTERS"‍​.  Full Article

TRAI Directs RCom, Reliance Telecom To Refund Security Deposits Of Mobile Subscribers
Friday, 19 Jan 2018 01:53am EST 

Jan 19 (Reuters) - Telecom Regulatory Authority of India::TRAI RELEASES DIRECTION TO RELIANCE COMMUNICATIONS AND RELIANCE TELECOM TO REFUND UNSPENT BALANCE AND SECURITY DEPOSITS OF THEIR MOBILE SUBSCRIBERS.INDIA TELECOM REGULATOR - DIRECTS RELIANCE COMMUNICATIONS TO PROCESS REFUND OF SECURITY DEPOSITS OF ALL POST PAID SUBSCRIBERS.INDIA TELECOM REGULATOR DIRECTS RCOM TO PROCESS REFUND TO PREPAID MOBILE SUBSCRIBERS WHO DO NOT WISH TO PORT OUT MOBILE NUMBER/ARE UNABLE TO DO SO BY 31 JAN.INDIA TELECOM REGULATOR - DIRECTS ALL TELECOM SERVICE PROVIDERS TO CREDIT REFUND AMOUNT RECEIVED FROM RCOM TO INDIVIDUAL ACCOUNTS OF SUBSCRIBERS.INDIA TELECOM REGULATOR - DIRECTS RELIANCE TELECOM TO PROCESS REFUND OF SECURITY DEPOSITS OF ALL POST PAID SUBSCRIBERS.INDIA TELECOM REGULATOR TELLS RELIANCE TELECOM TO PROCESS REFUND TO PREPAID MOBILE SUBSCRIBERS WHO DO NOT WISH TO PORT OUT/ARE UNABLE TO DO SO BY 31 JAN.INDIA TELECOM REGULATOR - DIRECTS ALL TELECOM SERVICE PROVIDERS TO CREDIT REFUND AMOUNT RECEIVED FROM RELIANCE TELECOM TO ACCOUNTS OF SUBSCRIBERS.  Full Article

RCom Says Construction of GCX's Eagle Express Submarine Cable Systems To Be Self Financed
Tuesday, 16 Jan 2018 01:56am EST 

Jan 16 (Reuters) - Reliance Communications Ltd ::RELIANCE COMMUNICATIONS - UNIT GCX ENTERED INTO PARTNERSHIPS TO EXPAND ITS CLOUD ECOSYSTEM AND DATA CENTER FOOTPRINT.RELIANCE COMMUNICATIONS -CONSTRUCTION OF GLOBAL CLOUD XCHANGE'S EAGLE EXPRESS SUBMARINE CABLE SYSTEMS WILL BE COMPLETELY SELF-FINANCED.  Full Article

Reliance Communications Says NCLT Dismissed IBC Applications As Withdrawn By China Development Bank
Friday, 5 Jan 2018 08:31am EST 

Jan 5 (Reuters) - Reliance Communications Ltd ::SAYS NCLT DISMISSED IBC APPLICATIONS, AS WITHDRAWN BY CHINA DEVELOPMENT BANK.  Full Article

Reliance Communications ‍Signs Deal With Reliance Jio Infocomm
Thursday, 28 Dec 2017 07:46am EST 

Dec 28 (Reuters) - Reliance Communications Ltd ::‍SIGNS BINDING DEFINITIVE AGREEMENTS WITH RELIANCE JIO INFOCOMM LIMITED FOR SALE OF VALUABLE WIRELESS SPECTRUM, TOWERS, FIBER AND MCNS​.EXPECTS TRANSACTIONS TO CLOSE IN A PHASED MANNER BETWEEN JANUARY AND MARCH 2018.DEAL CONSIDERATION COMPRISES OF CASH PAYMENT & INCLUDES TRANSFER OF DEFERRED SPECTRUM INSTALMENTS PAYABLE TO DEPARTMENT OF TELECOMMUNICATION‍​.WILL UTILISE PROCEEDS OF MONETISATION OF CASH DEAL SOLELY FOR PRE-PAYMENT OF DEBT TO ITS LENDERS.  Full Article

Reliance Communications Says Release Of Co's Shares By Reliance Innoventures
Thursday, 28 Dec 2017 02:29am EST 

Dec 28 (Reuters) - Reliance Communications Ltd ::SAYS RELEASE OF UPTO 330 MILLION PROMOTER SHARES REPRESENTING UPTO 11.93 PERCENT OF TOTAL ISSUED CAPITAL.SAYS RELIANCE INNOVENTURES PRIVATE LIMITED SEEKS RELEASE OF CO'S SHARES.  Full Article

Global Cloud Xchange Partners With CMC Telecom
Tuesday, 12 Dec 2017 02:40am EST 

Dec 12 (Reuters) - Global Cloud Xchange::GLOBAL CLOUD XCHANGE PARTNERS WITH CMC TELECOM.GCX WILL OFFER ITS IP TRANSIT SOLUTIONS TO CMC TELECOM IN HONG KONG AND SINGAPORE.CMC TELECOM WILL DEPLOY A VIRTUAL POINT OF PRESENCE (VPOP) FOR GCX IN HANOI.  Full Article

Reliance Communications Says Fortuna Public Relations Files Petition Against Co For Certain Bills
Tuesday, 5 Dec 2017 07:28am EST 

Dec 5 (Reuters) - Reliance Communications Ltd ::CLARIFIES ON NEWS ITEM REGARDING INSOLVENCY PLEA AGAINST CO FOR 4.4 MILLION RUPEES.FORTUNA PUBLIC RELATIONS FILED PETITION AGAINST CO FOR CERTAIN BILLS SUBMITTED BY THEM FOR SERVICES ALLEGEDLY RENDERED.SAYS AMOUNT OF CLAIM MADE BY FORTUNA AGAINST CO IS 4.8 MILLION RUPEES, WHICH IS NOT MATERIAL TO CO.SAYS QUALITY OF SERVICE AND AMOUNT BILLED ARE DISPUTED.  Full Article

Fitch Withdraws Reliance Communication's Ratings
Tuesday, 5 Dec 2017 01:48am EST 

Dec 5 (Reuters) - :FITCH WITHDRAWS RELIANCE COMMUNICATION'S RATINGS.FITCH SAYS HAS WITHDRAWN RCOM'S LONG-TERM FOREIGN-AND LOCAL-CURRENCY IDR AND RATING ON RCOM'S $300 MILLION 6.5% SENIOR SECURED NOTES DUE 2020.  Full Article

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India's RCom shareholders approve asset sale plan

Debt-laden Reliance Communications Ltd said on Friday its shareholders approved its asset sale plan, under which the telecoms carrier would sell its wireless assets to Reliance Jio Infocomm Ltd.