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RCom to restructure tower co-ownership

Posted on: June 14th 2010 in Stock News.

Anil Ambani group today decided to separate tower business of its telecom arm Reliance Communications to create an independent firm, saying it was in advanced stage of talks for stake sale in the new entity. The purpose of creating a separate firm is to secure business from other telecom…

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Reliance, Bharti, Aircel big winners in 3G auction

Posted on: May 20th 2010 in Market News.

New Delhi: The Indian exchequer is set to swell by Rs 67,718.95 crore ($ 15 billion), with the conclusion on Wednesday of auctions for the crucial airwaves for third generation (3G) telecom services by private players. The amount bid after 183 rounds of the 34-day auction is sharply high…

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Telecom shares fall on tariff war

Posted on: October 7th 2009 in Market News.

The rate war in the telecom industry sparked by Anil Ambani’s Reliance Communication (RCom) and the Telecom Regulatory Authority of India’s (Trai’s) move on per-second billing is taking its toll on share prices of leading service operators. The share price of six telecom companies …

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TRAI puts new telecom licences on hold

Posted on: August 5th 2009 in Market News.

India’s telecoms regulator TRAI has asked the government not to issue new licences until it decides whether there is a need for more players in the crowded market, a move that could further delay entry of firms such as ATandT. The Telecoms Regulatory Authority of India (TRAI) has a…

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RComm’s GSM launch spurs net to Rs 1,637 crore

Posted on: August 2nd 2009 in Stock News.

Reliance Communications (Rcomm) on Friday reported an increase of 8.22% in its net profit for the quarter ended June 30, 2009 to Rs 1636.61 crore, as against Rs 1512.16 crore in the same quarter last year. Its net sales grew 11.72% in fiscal Q1 to Rs 5842.96 crore as compared to Rs 5229.6…

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RComm inks Rs 10,000-cr deal with Etisalat India

Posted on: July 22nd 2009 in Stock News.

Anil Dhirubhai Ambani Group company Reliance Communications said on Wednesday it has bagged a 10-year deal valued at Rs 10,000 crore from UAE-based Etisalat’s Indian telecom arm to manage the latter’s telecom infrastructure. Under the long-term passive infrastructure sharing …

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R-Infratel eyes $1-bn from PE firms; may sell 10-15 pc stake

Posted on: June 12th 2009 in Stock News.

NEW DELHI: Anil Ambani group firm Reliance Infratel is looking to raise about Rs 5,000 crore (close to one billion dollars) through sale of shares, for which it is in talks with a number of private equity firms. Reliance Infratel, a subsidiary of the group’s telecom arm RCOM, is lo…

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Buy RComm, target of Rs 350: Motilal Oswal

Posted on: June 2nd 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Reliance Communications with a target price of Rs 350 in its May 30, 2009 research report. “RCOM is seeking shareholders’ approval to raise funds through equity/equity-linked instruments which could result in potential equity dilutio…

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Sensex off highs; DLF, RCom, Tata Steel lead

Posted on: April 6th 2009 in Market News.

MUMBAI: Indian indices rallied Monday reacting positively to the outcome of G 20 meeting during the long weekend. Sentiments in global markets turned positive on hopes that the worst of economic downturn has passed. …

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Buy Reliance Communication, target of Rs 250: IIFL

Posted on: April 1st 2009 in Brokerage Recommendations.

IIFL has recommended a buy rating on Reliance Communication with a target price of Rs 250 in its March 31, 2009 research report. “RCOM’s execution skills will come into focus now that regulatory churn has subsided. The company has got off to a smart start with its wireless broadba…

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