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Reliance Communications cuts debt

2013-07-11 02:00:00| Total Telecom industry news

Indian operator's deal with Reliance Industries trims $201 million off debt pile.

Reliance Steel & Aluminum Co. Receives New Coverage from Analysts at Credit Suisse

2013-07-11 00:44:03| Steel - Topix.net

The firm issued an outperform rating and a $82.00 price objective on the stock. A number of other firms have also recently commented on RS.

Tags: credit steel coverage receives

MTN talks with Reliance Communications stall - report

2013-07-10 10:42:00| Telecompaper Headlines

(Telecompaper) MTN Group and Reliance Communications have put talks to link up on hold, Bloomberg reported, citing three people close to such negotiations. Discussions were initiated this year and might have led to MTN taking about a 24 percent stake in Reliance Communications, another person said, asking not to be identified. A 24 percent stake in Reliance Communications has a market value of about USD 1.2 billion. According to the newswire, South Africa-based MTN had reservations about the industrial framework around the deal. India is in the process of revising its rules governing mergers and acquisitions this year.

Tags: report communications talks reliance

Vivergo Plant to Cut Reliance on Feed Imports

2013-07-09 02:00:00| ThePigSite - Industry News

UK - News that bioethanol and animal feed producers Vivergo are to open a new plant will help to ease pressure on farmers after a tough year and reduce reliance on imports, the NFU said.

Tags: feed cut plant reliance