Tag Archives: RCom

Reliance Communications Shines In A Lacklustre Market. Shares Up 6%.

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Reliance Communication surged 6 percent on reports that the company will sell 80 percent stake in its subsidiary Reliance Globalcom to a consortium led by Batelco for around Rs 6000 cr as part of a series of deals the group hopes to strike over the next 2-8 weeks. Earlier in the month Reliance Jio Infocomm Ltd and Reliance Communications Ltd had

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Ambani brothers join hands for telecom biz, sign Rs 1200 crore deal.

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Billionaire Ambani brothers on Tuesday struck a Rs 1,200-crore deal wherein Mukesh will use his younger sibling’s optic fibre network for launch of his telecom venture. Under the pact, Mukesh Ambani-led Reliance Industries’ telecom arm will hire nationwide optical fibre network of Reliance Communications for the roll-out of 4G services. “Reliance Jio Infocomm Ltd and Reliance Communications Ltd today announced

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