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Tag: rcom
RCom to sell 80% of Globalcom for INR 60 bln - report
2013-04-08 13:17:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications (RCom) will sell an 80 percent stake in its international subsidiary Reliance Globalcom to a consortium led by Bahrain's Batelco for around INR 60 billion, reports The Times of India citing unnamed sources familiar with the matter. RCom confirmed last month it was in talks with Batelco on a possible deal. According to the report, RCom would retain a 20 percent share in the company for the first year, after which it would have the option to sell that as well. The paper's sources said this was to ensure continuity at the network operations centre in Navi Mumbai. Reliance Group officials declined comment. The deal with Batelco and a consortium of private equity groups is expected to be in place by the end of May.
Reliance Jio to share RCom fibre backbone
2013-04-03 04:47:00| Telecompaper Headlines
(Telecompaper) Indian telecommunication companies Reliance Jio Infocomm has signed a definitive agreement worth approximately INR 12 billion for one-time, indefeasible rights to use Reliance Communications' nationwide inter-city fibre network. Under the terms of the agreement, Reliance Jio Infocomm will use multiple fibre pairs across RCom's 120,000 kilometres of network to provide a backbone for rolling out its LTE services. RCom will in turn have reciprocal access to fibre infrastructure to be built by Reliance Jio Infocomm in the future. The agreement provides for joint working arrangements to be put in place immediately for upgrade of the fibre network.
Tags: share
reliance
fibre
backbone
RCom posts net profit of INR 1.1 bln in Q3
2013-01-24 06:51:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications reported revenues of INR 53 billion for its fiscal third quarter ended 31 December, up 5 percent year-over-year. Wireless revenues grew 4.7 percent, and Global Enterprise (GEBU) revenues were up 4.4 percent to INR 24.5 billion. Net profit stood at INR 1.1 billion for the quarter. RCom's EBITDA rose 2.4 percent to INR 16.5 billion, while the EBITDA margin slightly fell from 31.9 percent to 31.2 percent. The company had 6.1 million active 3G customers and 27.6 million data customers at the end of the period. Mobile minutes went up 3.1 percent to reach 103 billion. Revenue per minute (RPM) stood at INR 0.44 during the reporting quarter.
RCom inks USD 1 bln managed services contract with Alcatel
2013-01-16 04:09:00| Telecompaper Headlines
(Telecompaper) India-based Reliance Communications (RCom) and Alcatel-Lucent have signed a network managed services contract for Eastern and Southern India up to 2020. The contract, which extends RCom's existing agreement with Alcatel-Lucent by over USD 1 billion, will support delivery of voice and data communications services to RCom customers. Alcatel-Lucent will enhance Reliance Communication's operations and integrate hitherto independent mobile and fixed-line teams to form a single network management organisation. This optimised integration of resources will help Reliance Communications to enhance its focus on growing its business and services to customers.
Tags: services
contract
usd
managed