From April 1, it would be a restructured company without any legacy and hopefully RCom would be in black by then, said Punit Garg, Executive Director, Reliance Communications.
Global Cloud Xchange, a subsidiary of Reliance Communications unveiled key strategic plans for 2018 with its 'Cloud and Fiber Initiative' at the core. CNBC-TV18’s Kritika Saxena caught up with Reliance Communications CEO, Bill Barney and asked him about the revenue potential from the cable system and the kind of growth that GCX can incur by 2020 once it is completed.
In an interview to CNBC-TV18, Nitin Soni of Fitch Ratings shared his views and readings on Reliance Jio-Reliance Communications deal.
What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
Anil Ambani has scripted a rescue operation for his telecom business. There is a huge debt resolution plan that is afoot and that will perhaps remove about Rs 39,000 crore out of Rs 45,000 crore of debt that the company now bears.
The RComm management team is targeting to complete the whole monetization programme by March 2018, said ED Punit Garg.
Do not expect such high divergence for other banks and what happened with Axis Bank to happen with the peers, says Srikanth Vadlamani, VP-Financial Institutions Group, Moody's.
In an interview to CNBC-TV18, Suresh Ganapathy of Macquarie Capital Securities spoke about the finance space in general. He also shared his views on Reliance Communications (RComm)-Aircel deal falloff.
Fitch Ratings' new report says that the telecom woes do not pose systemic risk to Indian banks. In an interview to CNBC-TV18, Nitin Soni, Director-Asia-Pacific Corporate Ratings at Fitch Ratings explained the rationale behind this.
In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at PhillipCapital spoke about the debt restructuring in RComm and what the impact will be on the stock.
The company’s management, in an interview to CNBC-TV18, said that the company had plans to bring down its debt by over 60 percent (Rs 25,000 crore) once the transactions are complete.
In an interview to CNBC-TV18, Nitin Soni of Fitch Ratings spoke about the latest happenings in the telecom sector and specifically about RComm.
In an interview to CNBC-TV18, Revati Kasture, Senior Director of CARE Ratings shared her thoughts in terms of what is happening with RComm's bond trade.
In an interview to CNBC-TV18, Revati Kasture, Senior Director at CARE Ratings spoke about Reliance Communication's loan downgrades.
The exact number of customers that will remain with Reliance Jio will be known after the Prime extension ends, said Nitin Soni, Director-Asia Pacific TMT at Fitch Ratings.
Mukesh Ambani continues to maintain a large amount of pressure on other telcom players, said Mahesh Uppal of Com First India. He expects further consolidation in market.
In an interview with CNBC-TV18, Gurdeep Singh, CEO-Consumer Business, Reliance Communication said that it was a difficult quarter for the telecom industry given the unprecedented competition intensity.
C Sivasankaran, Founder of Aircel shares his take with CNBC-TV18 on the Supreme Court's decision today to restrain transfer of all 2G licenses of the company until T Ananda Krishnan, Owner of Maxis Group presents himself before the court.
Sources tell CNBC-TV18 that Supreme Court has stayed Aircel's 2G spectrum sale. The apex court has directed the Department of Telecom to sell Aircel spectrum if promoters don't cooperate with agencies.
The news of Reliance Jio extending its free services has hit the telecom stocks hard. In conversation with CNBC-TV18, analysts talk about the impact of this announcement on other big players in the telecom sector.
Prakash Diwan, Altamount Capital Management is more impressed with the announcement of JioMoney Merchant application and the aim of bringing around 10 million small retailers and merchants under the net.
Reliance Communications has signed a term sheet with Brookfield Infrastructure Group for the sale of its tower assets and related infrastructure. RCom will receive an upfront cash payment of Rs. 11,000 crore from the proposed transaction. The proceeds will be utilised to pare debt, RCom said in a statement on Friday.
Virtual merger means sharing and trading of spectrum assets and Reliance Communications already shares and trades in these virtual assets with Reliance Jio, experts tell CNBC-TV18.
RCom and Maxis Communications Berhad (MCB) hold 50 per cent each in the merged entity with equal representation on the board and committees.
In an interview to CNBC-TV18's Prerna Baruah, Gurdeep Singh, CEO-Consumer Business, Reliance Communication, said today's consumers are chat-centric and they do a lot of stuff on chat including commerce, talking and video-calling.