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Reliance Jio in third network sharing deal with RCom
2014-04-07 02:00:00| Total Telecom industry news
Jio to use Reliance Communications' 500,000 kilometre fibre network.
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RCom names former Bharti exec as CEO
2014-02-11 01:00:00| Total Telecom industry news
Wireless chief Gurdeep Singh given additional responsibilities in management shuffle.
RCom net profit grows to INR 6.75 bln in Q2
2013-11-13 08:14:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications (RCom) saw its net profit increase to INR 6.75 billion in the fiscal second quarter to 30 September, from INR 1.02 billion in the year-ago quarter. Excluding the reversal of a provision of INR 4.41 billion, net profit was INR 2.34 billion for the quarter. Indian operations revenue rose 5.4 percent year-over-year to INR 46.24 billion, while global operations revenue went down 0.3 percent to INR 11.39 billion for the quarter. EBITDA for the Indian operations rose 15.1 percent to INR 16.40 billion, and the global operations grew 15.5 percent to INR 2.46 billion. Total EBITDA was INR 23.28 billion in Q2, and RCom invested INR 364 billion on capital equipment during the quarter. It remained free cash flow positive and said this is expected to continue. ARPU went up 26.3 percent year-over-year to INR 120, helped by a 30.8 percent increase in the data customer base to 34 million, including 9.1 million 3G customers. Total data traffic rose 116 percent year-over-year to 37.570 billion MB, thanks to more subscribers and higher data usage per customer. RCom finished September with a total 117.5 million mobile customers, down by 9.4 million from the previous quarter
Reliance Jio signs tower-sharing deal with RCom
2013-06-07 08:46:00| Telecompaper Headlines
(Telecompaper) Indian operators Reliance Jio Infocomm and Reliance Communications have signed a definitive agreement for sharing RCom's nationwide telecommunication towers infrastructure. Under the terms of the agreement, Reliance Jio Infocomm will use up to 45,000 ground and rooftop towers across RCom's nationwide network for roll-out of its 4G services. The agreement provides for joint working arrangements to configure the scope of additional towers to be built at new locations to enable delivery of enhanced services. This agreement follows the inter-city fibre sharing agreement already signed in April as part of a framework of business co-operation between Reliance Jio Infocomm and Reliance Communications.
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RCom drops Batelco for talks with Samena on Globalcom sale
2013-04-22 03:39:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications (RCom) has confirmed it is in advanced talks with a Samena Capital-led consortium to sell its international subsidiary Reliance Globalcom. Samena is already conducting due dligence, and the companies aim to complete a deal by the end of May. RCom also said it is no longer in talks with Batelco on the possible sale of Globalcom. Bahrain-based Batelco said in March that it was in talks to acquire the international carrier. RCom is looking to sell the activities in order to reduce debt.
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