Aircel shortlists four cos to sell its $2 bn tower biz Aug 7, 2009
This implies that Reliance Telecom Infrastructure (RTIL), the tower arm of Reliance Communications, and GTL, the countrys largest standalone tower company have failed to make the cut. But an executive with GTL said the company had not heard from Aircel and was, therefore, unaware of the firm missing the shortlist. (India Times)
Kalyan Sarangi quits RIL Jul 23, 2009
As a key Reliance pointsperson who anchored Reliance Telecoms seven-circle GSM rollout and eventually the CDMA network rollout of the erstwhile Mukesh Ambani-controlled Reliance Infocomm in eastern states like West Bengal and Bihar/Jharkhand, Mr Sarangi is no stranger to telecom. In fact, before joining Reliance Telecom, he had headed the project team that set up the erstwhile `Command GSM network in Kolkata, which was one of the earliest cellphone networks in the country and is today... (India Times)
Etisalat-RCOM sign Rs 10,000 crore tower sharing deal Jul 22, 2009
ET had first reported in January 2009 that Etisalat-Swan was in advanced talks for a 10-year infrastructure sharing deal with Reliance Telecom Infrastructure Ltd (RTIL) the hived off tower arm of RCOM. RTIL has about 50,000 towers spread across the 22 telecom circles of the country. RTIL is amongst the large infrastructure firms in the country after Indus Towers, the largest independent tower co in the world with over 103,000 units. (India Times)
'Rel, Idea most congested networks' Jul 8, 2009
The regulator said that Reliance Telecom, Reliance Communications and Idea Cellular have the most congested networks among private operators while Tata Teleservices had the least levels of congestion ... Among private service providers as of March 2009, Reliance Telecom and Idea both have congestion in 18 PoIs each, followed by Reliance Communications (16 POIs) and Vodafone (11 POIs). (India Times)
Telecom: Telecom tower cos find it futile to go solo May 30, 2009
Reliance Communications has consolidated its 48,000-plus towers in a new entity called Reliance Telecom Infrastructure while the recently established Quippo-Tata combine has over 21,000 towers. New entrants in the mobile phone business prefer to tie up with these larger established players rather than sign on standalone tower companies as it reduces risk as well capital investment. (India Times)
Telcos give equity details to Trai May 6, 2009
Swan Telecom had two investors while applying for the UAS licence--Tigor Trustee and Reliance Telecom, in the ratio of 90 ... Subsequently, vide a letter to DoT on December 7, 2007, Reliance Telecom divested its equity capital as well as the preferential shares in the company. (India Times, India -- Intl Business)
Ortus, Vodafone joins infra hive Mar 21, 2009
Reliance Communications consolidated its 47,000 towers in a new entity called Reliance Telecom Infrastructure while Tata Teleservices 14,000 towers are held by Wireless Tata Telecom Infrastructure (WTTI). Earlier this year, WTTI had merged with standalone tower company Quippo and the combine, which is yet to be formally named, has over 18,000 towers and an enterprise value of about Rs 13,000 crore ($2. (India Times)
DoT appoints firm for spl audit of RCOM; report in 3 months Mar 1, 2009
Parakh and Co of Jaipur has been engaged to carry out verification of accounts of Reliance Communications, Reliance Telecom and Reliance Communications Infrastructure Ltd, official sources said, adding that the company has been asked to submit the report within three months of its engagement. As per the draft Terms of Reference, the audit firm would look into whether the books of the ADAG companies have been prepared in compliance with the norms for preparing Annual Financial Accounts prescribed... (India Times)
RComm falls 4% as govt plans special audit Feb 20, 2009
Parakh have been selected as auditor to carry out the special audit of Reliance Communications, Reliance Telecom and Reliance Communications Infrastructure Ltd. for the year 2006-07 and 2007-08. The special auditor will verify whether there is any evasion of license fees. (Economic Times)
