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Reliance Communications (RCom) has terminated a deal to sell its telecom assets to Reliance Jio Infocomm after failing to receive regulatory approval. But RCom’s founder Anil Ambani has been granted a last-minute reprieve from being imprisoned for failing to…
Reliance Communications has been hit with a fresh roadblock to its attempt to sell its tower and fiber assets to Reliance Jio Infocomm. India’s National Company Law Appellate Tribunal (NCLAT) has withdrawn aninterim order that had cleared RCom to proceed with…
India’s Supreme Court has cleared Reliance Communications (RCom) to sell its wireless assets to Reliance Jio Infocomm for 250 billion rupees ($3.85 billion), vacating two stay orders on the sell-off. The court has vacated a stay on the sale of spectrum, media…
Struggling Indian operator Reliance Communications will stop offering 2G voice services in eight circles from December as a cost saving measure. Telecoms regulator Trai has issued a direction stating that RCom plans to discontinue 2G GSM services in eight…
India’s Reliance Communications (RCom) has secured approval from the Department of Telecom to merge with Sistema Shyam Teleservices (SSTL), operator of the MTS India brand. The telecoms ministry has granted final approval for the share swap deal. Under the…
India’s Reliance Communications (RCom) has called off a planned merger of its wireless business with rival Aircel as a result of regulatory uncertainty and opposition from some creditors. RCom had been planning to merge its wireless business with Aircel to…
India’s Reliance Communications (RCom) has been granted a seven-month reprieve from its debt repayment obligations to give it time to complete its proposed merger with Aircel and a planned sale of a stake in its mobile tower operations. In a media release,…
Norway’s Telenor is reportedly seeking to get in on the proposed merger between Aircel and Reliance Communications. Telenor is proposing to combine its Indian business, customer base and spectrum with the merged Aircel-RCom entity. Under the proposed terms,…
India’s Reliance Communications has arranged to merge its mobile business with rival Aircel to create one of India’s top four operators by customers and revenue. The deal is expected to be the largest ever consolidation in the Indian telecoms sector, RCom…
India’s Reliance Communications (RCom) has revealed plans to progressively upgrade its CDMA customers to 4G starting in May. The operator will upgrade its CDMA network to LTE using the newly liberalized 800-MHz spectrum starting on May 4, citing a letter sent…
