August 28th, 2018Anil Ambani’s Reliance Communications (RCom) announced that the company has completed the anticipated sale of its fibre assets and related infrastructure assets. The assets were sold worth Rs 30 billion to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).
"With successful completion of the fibre monetisation transaction, 1,78,000...
June 14th, 2018The Anil Dhirubhai Ambani-led telecom company Reliance Communications has stated that the total number of jobs and recruitment in the company have reduced to 3,400 at present by about 94 percent from a high level of 52,000.
The jobs at the RCom was at its peak at around 2008-10. But gradually the number has decreased, maybe due to the...
June 2nd, 2018Anil Dhirubhai Led company, Reliance Communications has witnessed a tremendous share jump with a nearly double the money returning in just 11 days. The surge in shares has come amidst NCLAT allowing RCom to proceed with the asset sale to Mukesh Ambani-controlled Reliance Jio Infocomm and Brookfield.
Additionally, National Company Law...
December 29th, 2017Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm for nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday.
The two companies had announced late on Thursday that Reliance Communications, backed by businessman Anil Ambani, would...
September 15th, 2016Anil Ambani-led Reliance Communications today agreed to merge its wireless telecom business with smaller rival Aircel to create the country's 4th-biggest mobile phone operator with asset base of more than Rs 65,000 crore.
In the largest consolidation in the countrys telecom sector, RCom and Aircels majority owner, Malaysias Maxis...
