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Reliance Independent TV suspends operations
DTH operator Independent TV has abruptly shut its services and scores of distributors and customers in Uttar Pradesh have been left in the lurch. A message on its website reads:…
NCLT declares Reliance Communications bankrupt
Anil Ambani headed Reliance Communications has officially made its way to the inglorious club of bankrupt firms. On Thursday, the National Company Law Tribunal admitted RCom for insolvency proceedings. RCom…
Reliance Jio to buy out RCom’s wireless assets
Mukesh Ambani-led Reliance Jio announced it will buy the wireless infrastructure assets that include towers, optic fibre cable network, spectrum, and media convergence nodes (MCNs)* of Reliance Communications (RCom) and…
RCom plan to reduce its debt to Rs 6000 Crore
Reliance Communications announces debt recast plan to reduce its Rs45,000 crore debt significantly to less than Rs6000 crore by monetization of its wireless business and real estate assets. Post recast…
2G Scam: CBI court acquits A Raja, Kanimozhi and all other accused
Former telecom minister A Raja and DMK MP Kanimozhi were today acquitted by a special court in the 2G spectrum scam case. Fifteen other accused in the case and three…
RCom shares up nearly 35%
The stock price of Reliance Communications (RCom) shot up by over 35% on Wednesday, possibly triggered by a joint lenders’ forum meeting scheduled for Thursday. The forum is expected to…
Ericsson seek NCLT to start bankruptcy proceedings against Reliance Communications (RCom)
Telecom equipment maker Ericsson petitioned the National Company Law Tribunal (NCLT) seeking the start of bankruptcy proceedings against Reliance Communications (RCom) and two of its subsidiaries over total unpaid dues…
Mobile Subscriber Base in June 2017
India’s total telecom base (wired+wireless) jumped by 5.86 mn to cross 121 cr with teledensity of 93.98 in the month of Jun’17. Reliance Jio continues to attract more number of…
RCom gains on plans to cut Rs 25,000 crore debt
Reliance Communications in a letter to bourses, has stated that the company will not pay outstanding interest until December 2017, on its bonds held by LIC of India, the country’s…
What is Fair Usage Policy (FUP)
Fair Usage Policy (FUP) is implemented by Internet Service Providers (ISPs) keeping in view the fact that a small number of customers may otherwise use an excessive amount of the…