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About 6 results for "rcom rsquo"

What went wrong with RCom, once India's No 2 telco?
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What went wrong with RCom, once India's No 2 telco?

Jio’s disruptive strategy, including free voice services and data at throwaway rates, apart from offering all services free for six months, triggered a consolidation in the telecom sector, says Surajeet Das Gupta. When the estranged Ambani brothers agreed to a family settlement on June 18, 2005, Reliance Infocomm (later renamed Reliance Communications or RCom), the telecom business of  Reliance Industries set up by their father Dhirubhai Ambani, went to the younger sibling ... Rediff.com, 2 weeks ago
Rediff.com

RCom's cup of woes spills over

China Development Bank takes Reliance Communications to NCLT over loan default China Development Bank, which lent close to $1.78 billion to Reliance Communications (RCom), has filed an insolvency suit at the National Company Law Tribunal’s (NCLT’s) Mumbai bench after it defaulted on loans.   Indian lenders would oppose the China Development Bank’s petition as they are already working on a debt resolution plan with RCom, said a banking source. The Chinese bank’s ...
 Rediff.com1 month ago
Rediff.com

Good news for telcos; spectrum-holding cap to be relaxed

The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular In a move that will boost consolidation and help stressed companies exit the sector, the Telecom Commission (TC) has approved the recommendations of the Telecom Regulatory Authority of India (Trai) on relaxing spectrum-holding caps for mobile operators.   The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular. Sectoral regulator Trai in November last year had proposed raising the 25 per ...
 Rediff.com1 week ago
Rediff.com

Bankruptcy will influence M&A trend in 2018

Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones. On the first day of the year when most are on holiday, Sourav Mallik, joint managing director at Kotak Mahindra Capital, is chalking out his mergers and acquisitions (M&A) strategy sitting at his Bandra-Kurla-Complex office in Mumbai.   “We expect domestic consolidation to be the larger M&A theme this year. Especially with the new legal process for ...
 Rediff.com2 weeks ago
Rediff.com

How Jio stands to gain from Ambani mega deal

The Jio-Bharti battle will not just be limited to mobile telephony but will extend to the fibre to home space too. Reliance Jio is expected to intensify its fight with rival telco Bharti Airtel as the Mukesh Ambani-owned company buys out key assets from Anil Ambani’s Reliance Communications (RCom).   In fact, with this acquisition, the Jio-Bharti battle will not just be limited to mobile telephony but will extend to the fibre to home space (FTTH) too. While Jio is focused on ...
 Rediff.com2 weeks ago
Rediff.com

A 3-pronged battle to grab 244 mn telecom subscribers

Bulk of these customers use 2G phones and are still focused on voice services and might prove useful for both Bharti Airtel and the Idea-Vodafone combine.   With some of the smaller telecom service providers whittling down operations, shutting shop or selling off to big boys of the game, nearly 244 million, or 20 per cent of the country’s 1,186 million mobile subscribers are up for grabs.   Among these are the users of Aircel, which, after the cancellation of its proposed merger ...
 Rediff.com2 months ago
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