The Telecom Regulatory Authority of India (Trai) has given its recommendations on the much-awaited issue of spectrum sharing. The recommendations, based on which the department of telecommunications (DoT) will issue the final guidelines, would only benefit incumbent operators, which have a higher quantity of airwaves across different bands. This takes the industry a step forward towards maximum use of spectrum by operators, likely to result in seamless services for mobile users. However, the ... Rediff.com, 6 days ago
Reliance Communication will reduce its workforce by up to 5,500 employees from business process outsourcing and shared services operations as the country's fourth-largest telecom operator tries to trim its debt. The Mumbai-based firm is on a cost optimisation drive through outsourcing of network management services and call centre operations. "Of the total 5,500 employees, around 4,000 are BPO employees and the remaining 1,500 are from Shared Services. “These people are being ...Rediff.com, 3 weeks ago
Reliance Communications has initiated the process to monetise its real estate assets across the country, aiming to raise Rs 5,000 crore (Rs 50 billion) through this. The company will use the proceeds to part-repay its debt, which stands at Rs 34,000 crore (Rs 340 billion) even after the recent qualified institutional placement of its shares. An RCom board committee recently approved the sale of these assets. The company has held meetings with top real estate consultants like CB Richard Ellis, ...Rediff.com, 3 weeks ago
In what will extend the telecom alliance between the two brothers beyond infrastructure-sharing, Anil Ambani-promoted Reliance Communications is tying up with Mukesh Ambani’s Reliance Jio for a pan-India intra-circle agreement, straddling the 800-MHz and 2,100-MHz bands. Currently, their alliance is restricted to sharing towers and fibre-optic network. Through the deal, to be signed in a few days, Reliance Jio, which faces challenges in the 2,300-MHz and 1,800-MHz spectrum bands (these ...Rediff.com, 1 month ago
Benchmark share indices firmed up in late trades to end near their day's highs with the Sensex closing above 26,000 for the second time amid a rally in telecom shares and renewed buying interest in Reliance Industries and HDFC Group shares. Foreign institutional investors which have remained net buyers in the previous four sessions also aided sentiment. The 30-share Sensex ended up 311 points at 26,026 after hitting an intra-day high of 26,050 and the 50-share Nifty gained 84 points ...Rediff.com, 1 week ago
At present, the company has the largest 3G footprint in the country with a presence in 13 circles. "We are delighted to launch 3G footprint across 18 service areas in India, which makes our services available in all major metros in the country, enabling us to ...Jagran Post, 1 month ago
The markets picked up momentum in the noon session to end the week on a high due to strength in banking and oil stocks. The optimistic cues from the global front would have also contributed to the positive mood on Dalal Street. The Sensex ended at 24,693, up 318 points and the Nifty ended comfortably above the 7,300 mark at 7,367, up 90 points. The broader markets continued their outperformance for the fifth consecutive session; the midcap and smallcap indices jumped by nearly 2% each at 8668 ...Rediff.com, 2 months ago
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