Reliance Comms board finally falls on its sword
Anil Ambani and four other board members have resigned, ten months after Reliance Communications filed for bankruptcy.
Anil Ambani and four other board members have resigned, ten months after Reliance Communications filed for bankruptcy.
Indian telco Reliance Communications owed kit vendor Ericsson millions of dollars but didn’t feel like paying up. The threat of jail time seems to have changed its mind.
Reliance Communications has arguably gotten the sharpest end of the Jio stick over the last couple of years, but it seems the misery is finally over as the firm files for bankruptcy.
Ericsson has filed its second contempt petition against Reliance Communications in the Indian Supreme Court asking for Chairman Anil Ambani to be arrested.
Reliance Communications has been given the go-ahead to sell off its wireless business unit after National Company Appellate Law Tribunal removed an order blocking the sale.
The problems at Reliance Communications are starting to become very well known, and it would appear one of its creditors has finally lost faith in the struggling telco.
Bharti Airtel is reportedly eyeing up Reliance Communications spectrum assets, which are currently being sold by lenders who are trying to recover Rs45,000cr in debt.
It’s a tale of two billionaire brothers having very different experiences in the telco space. Reliance Jio is flying high, its quarterly report implies Reliance Communications is dying a slow and painful death.
Reliance Communications rumours are continuing to swirl after a weekend of adverts and offers to lure customers away from the troubled telco.
Indian operators Reliance Communications, Tata Teleservices and Aircel this week announced a three way inter-circle roaming partnership to offer pan-Indian 3G services to their customers.
Indian operator Reliance Communications has signed an eight-year managed services deal with Swedish vendor Ericsson worth $1bn that will see Ericsson assume responsibility for the operator’s fixed and wireless networks in North and West India. Reliance signed a similar deal with Alcatel Lucent—also believed to be worth $1bn—covering East and South India in January.
Infrastructure vendor Alcatel-Lucent has signed a $1bn-plus managed services deal with Indian operator Reliance Communications. The vendor will provide end-to-end network managed services to the operator in Eastern and Southern India until 2020.
Malaysian operator PacketOne (P1) has announced its intention to migrate to TD-LTE towards the end of 2012. The operator, which launched in 2008 is better known for its WiMAX rollouts and currently has over 280,000 subscribers on that service. Malaysia continues to be something of a happy hunting ground for WiMAX technology, with YTL Communications and REDtone among the other operators in that country using it.
Indian fixed and mobile operator Reliance Communications (RCOM) has announced that it is to spin out its cell tower subsidiary Reliance Infratel. The move would create the world’s largest independent telecoms infrastructure company, the firm said Monday.
Pan African operator MTN said Wednesday that it has agreed to extend merger discussions with Indian carrier Reliance Communications until later this month. In a joint announcement to the Johannesburg and Bombay stock exchanges Wednesday morning, the companies confirmed an extension on the talks until July 21, as they look for a way to create […]
Hoping to cash in on the boom in managed services, struggling infrastructure vendor Alcatel Lucent announced a partnership with Indian carrier Reliance Communications on Monday that will see the firms create a global joint venture. The joint venture company intends to make a play for the fast growing $16bn managed network services industry, catering to […]