- Reuters•last month
Indian telecommunications carrier Reliance Communications Ltd said on Wednesday it had signed a binding pact with Canada's Brookfield Infrastructure for selling a stake in its mobile phone tower business. The two sides had signed a non-binding pact in October. Under the terms of the deal, Reliance Communications is to receive an upfront payment of 110 billion rupees ($1.6 billion), which it has said will use to cut its debt load.
- Bloomberg•3 months ago
Reliance Communications Ltd., Indian billionaire Anil Ambani’s telecommunications unit, said it agreed to sell its mobile-phone tower business to Brookfield Infrastructure Group for an upfront payment ...
- Reuters•3 months ago
India said on Friday it will consider re-auctioning mobile phone spectrum that remained unsold in a sale this week when the financial situation of its telecoms companies improves. The government raised $9.9 billion from a spectrum auction that ended on Thursday, but there were no takers for the most-efficient yet priciest 700 megahertz band of airwaves and only 40 percent of the total on offer was sold. "If their financial situation is not good, and they can't buy it now, what is the guarantee that they will be able to if we do another auction immediately," Telecoms Minister Manoj Sinha told reporters, when asked about the unsold airwaves.
RCOM.NS : Summary for RELIANCE COMM LTD INR5 - Yahoo Finance
Reliance Communications Limited (RCOM.NS)
NSE - NSE Delayed Price. Currency in INR
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|Day's Range||30.85 - 32.45|
|52 Week Range||30.85 - 67.45|
|PE Ratio (TTM)||11.39|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|