Post Tagged with: "anil ambani"

Jio, RCom Asset Sale Deal Terminated; 6 Main Reasons

Jio, RCom Asset Sale Deal Terminated; 6 Main Reasons

March 18, 2019 at 7:57 pm 0 comments

Anil Ambani-led RCom Monday said the deal it has signed with big brother Mukesh Ambani-led Reliance Jio to sale some of its wireless business assets, has been terminated. “The agreements dated 28 December 2017 and 11 August 2018 entered into between RCOM, RTL, RITL (RCOM Group) and RJIL respectively forRead More

A Helpless RCom Goes For Insolvency

A Helpless RCom Goes For Insolvency

February 2, 2019 at 12:42 pm 0 comments

Anil Ambani-led Reliance Communications or RCom, once a leading force in Indian telecom, has decided to approach National Company Law Tribunal (NCLT) for debt resolution as it lost all hopes of arranging money on its own. The company announced the same on Friday that the Board has decided to fileRead More

RCom Part-Pays Rs 131 Cr, Gets Four Weeks To  Respond Ericsson’s Contempt Plea

RCom Part-Pays Rs 131 Cr, Gets Four Weeks To Respond Ericsson’s Contempt Plea

January 7, 2019 at 6:07 pm 0 comments

RCom Monday said the Supreme Court has granted it four weeks of time to respond to Ericsson’s contempt petition. The contempt petition filed by the Swedish telecom major has requested the apex court to detain RCom Chairman Anil Ambani under civil law. The petition has also sought orders from theRead More

RCom Shuts Wireless Business But Completes MTS Merger

RCom Shuts Wireless Business But Completes MTS Merger

November 1, 2017 at 9:31 am 0 comments

Reliance Communications or RCom on Tuesday announced the completion of the merger deal with Sistema Shyam Teleservices (SSTL). SSTL operated under MTS brand name and was not a Pan-India operator. The proposed RCom-MTS merger was first announced in November 2015. The closure deal was recorded on 31 October 2017, the companyRead More

Proposed RCom-Aircel Merger Collapses

Proposed RCom-Aircel Merger Collapses

October 1, 2017 at 7:13 pm 0 comments

Reliance Communications or RCom has said its proposed merger with Aircel has been cancelled. The Anil Ambani-led firm has attributed this failure to multiple factors including legal and regulatory issues as well as factors acting with vested interests. The RCom-Aircel merger was expected to be closed by 30 September 2017,Read More

Reliance Communications Pays Rs 5,384 Cr To DoT For Spectrum Liberalisation

Reliance Communications Pays Rs 5,384 Cr To DoT For Spectrum Liberalisation

January 20, 2016 at 3:22 pm 0 comments

Reliance Communications (RCom) has paid Rs 5,383.84 crore as spectrum liberalisation fee to DoT in relation to 800/850 MHz band held by it in the 16 telecom circles. Informing the stock exchange RCom has said that it had paid an aggregate amount of Rs 5,383.84 crore as liberalisation fee toRead More

The Prime Minister, Narendra Modi at the launching ceremony of Digital India Week, in New Delhi on July 01, 2015

Digital India: Airtel, Idea, Reliance Jio and Global Cloud to Invest $62.6 bn

July 2, 2015 at 7:24 am 1 comment

Indian telcos be it Airtel, Idea, Reliance Jio and Global Cloud Exchange are betting heavily on government of India’s Digital India program and have announced $62.6 bn investment to give a big boost to Indian digital economy. Launching Digital India in New Delhi, the prime minister Narendra Modi reiterated hisRead More

Digital India Week : Delta, Lava, Hero and Nidec to Announce Manufacturing Plan

Digital India Week : Delta, Lava, Hero and Nidec to Announce Manufacturing Plan

July 1, 2015 at 9:26 am 0 comments

Today’s Digital India Week event is all set to write a new chapter in India’s economic progress with many Indian as well as global companies planning to announce their local manufacturing plans. Power company Delta Group, Lava Mobiles, Hero Group and Nidec are some of the names who are likelyRead More

Telecom Minister Ravi Shankar Prasad

Industry Supports Digital India; to Announce Billions of Investment

June 28, 2015 at 6:55 am 0 comments

Prime Minister Narendra Modi is launching Digital India on Ist of July and the industry has come in full support with the likely announcement of billions of dollars of investments in electronics manufacturing and Digital India. The investments in electronics manufacturing and Digital India will result in employment to severalRead More

Reliance Jio’s Mega Expansion Plan

Reliance Jio’s Mega Expansion Plan

May 13, 2014 at 3:03 am 6 comments

Reliance Jio is building telecom towers that can double up as lampposts in parks, uses UPS instead of diesel gen-sets to reduce capex and opex; and neither requires any cooling unit nor any manpower to guard it. A sneak peek at Mukesh Ambani’s innovative approach We have written enough andRead More