Page 5 - Rcom
RCom Q2 net profit plunges 80% to Rs 39 crore
The company registered a net profit of Rs 195 crore in the same period a year ago
 "RCom Q2 net profit plunges 80% to Rs 39 crore")
RCom to sell 51% tower biz stake for Rs 11,000 crore
The company plans to use the entire sale proceeds to cut debt
 "RCom to sell 51% tower biz stake for Rs 11,000 crore")
RCom in pact with Brookfield to sell tower assets
Reliance Communications will continue as an anchor tenant on the tower business
 "RCom in pact with Brookfield to sell tower assets")
Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani
Post merger with Aircel, combined entity will be among top operators in 12 circles; company's debt will be cut by 75% in a year
 "Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani")
Will try to trim RCom debt by 75% in 12 mths: Anil Ambani
He said merger of MTS and Aircel with RCom will help reduce debt by Rs 20,000 crore
R-Com-Aircel to raise $1 billion
The merger is likely to be consummated by the first half of 2017
 "R-Com-Aircel to raise $1 billion")
Rcom evaluating options regarding 700 MHz spectrum
The base price of 700 MHz spectrum is Rs 11,485 cr per MHz
Telco offers app-to-app calling for 30 days for Rs 1
Customers will get daily credit of 7 MB of data that can be used to make 10 calls everyday
 "Telco offers app-to-app calling for 30 days for Rs 1")
RCom expands enterprise product portfolio with Cloud X WAN
Cloud X WAN is a 'Make in India' cloud-centric network platform, which help companies save on bandwidth when they use cloud services
RCom to provide 10 GB for Rs 93 in a 28-day promotional offer
On completion of 28 days, customers would be reverted back to their old existing CDMA plan
 "RCom to provide 10 GB for Rs 93 in a 28-day promotional offer")
RCom's tower sale race opens again
Talks with Tillman may have gone cold
RCom to sign merger pact with Aircel shareholders soon
According to people close to the deal, the merger will possibly be announced early July and the contours will remain similar to what was disclosed earlier
 "RCom to sign merger pact with Aircel shareholders soon")
Expect to announce merger with Aircel soon: Reliance Communications
Merger, if successful, would lead to a combined entity holding of 19.3% of the total spectrum allocated to the industry
 "Expect to announce merger with Aircel soon: Reliance Communications")
RCom gets nod to launch 4G services
The first 12 circles are Andhra Pradesh, Delhi, Gujarat, Kolkata, Maharashtra, Punjab, east and west Uttar Pradesh, Mumbai, Orissa, Madhya Pradesh and Bihar
ICRA upgrades RCom outlook from negative to stable
The rating agency revised up the outlook on the long-term ratings of the firms
Reliance Communications slips on weak Q4 results
Company posted a 22% drop in the March quarter net profit owing to lower revenue from voice and data services
Reliance Communications net profit dips 22% to Rs 177 cr
Company reported a net profit of Rs 228 crore in corresponding period last fiscal year
 "Reliance Communications net profit dips 22% to Rs 177 cr")
RCom shares surge nearly 6% on spectrum-sharing deal with RJio
RCom has plans to start 4G services from May 4
RCom extends merger talks with Aircel by 60 days
Decision to merge is part of the consolidation witnessed by the industry to derive benefits in opex and capex synergies and revenue enhancement
