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Jio To Buy Equipment Maker Mimosa Networks For $60 Million
Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on Thursday.
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"True Inspiration": Mukesh Ambani Praises Tata Group Chairman N Chandrasekaran
Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani has called Tata Group Chairperson N Chandrasekaran a "true inspiration" for the business community and youth of the country.
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RCom, Reliance Jio Terminate Telecom Asset Transfer Agreements: 10 Things To Know
Industrialist Anil Ambani-led Reliance Communications Ltd (RCom) said on Monday it terminated a deal to sell its telecom assets to Reliance Jio Infocomm, the mobile telecom firm controlled by Anil's elder brother and Asia's richest man, Mukesh Ambani. The announcement comes at a time when Anil Ambani's Reliance Group, a diversified business empire,...
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Anil Ambani Has A Day Left To Resolve $80 Million Dues To Avoid Jail
Once worth at least $55 billion, India's Anil Ambani has about a day to piece together $80 million to settle long-pending dues with a vendor or go to prison.
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Ericsson Seeks Contempt Action Against Anil Ambani Over Rs 550 Crore Dues
Ericsson India Pvt Ltd on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against Chairman of Reliance Communication Ltd (RCom) Anil Dhirubhai Ambani for allegedly not complying with its order to clear dues of Rs 550 crore.
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Reliance Communications Sells Rs 2,000 Crore-Assets To Reliance Jio
Reliance Communications Ltd said on Thursday it completed the sale of its media convergence nodes (MCNs) and related infrastructure assets worth Rs 2,000 crore ($285.4 million) to Reliance Jio Infocomm.
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RCom Sale Of Tower, Fibre Business Gets Tribunal's Nod
Proceeds of the sale will be deposited with state-run State Bank of India in an escrow account, RCom said.
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RCom Shareholders Approve Asset Sale Plan
Debt-laden Reliance Communications Ltd said on Friday its shareholders approved its asset sale plan
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PR Firm Files Insolvency Plea Against Reliance Communications For Rs 44 Lakh
Fortuna Public Relations Pvt. Ltd has filed an insolvency petition against Reliance Communications Ltd, its lawyer said.
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Sensex, Nifty Hit Record Highs Ahead Of GDP Data
Among losers, Reliance Communications Ltd plunged as much as 9.5 percent to its lowest ever after Moody's downgraded it deeper into "junk" territory.
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Moody's Lowers RCom Rating Over Debt Concerns
Moody's said it had downgraded the telecom operator's "corporate family rating and senior secured bond rating to Caa1 from B2".
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Sensex Eases From Record Highs; Reliance Communications Hits Life Low
Healthcare stocks were the biggest drag on the index, after shares of Sun Pharmaceutical Industries Ltd fell as much as 13.2 percent to a near four-year low.
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The Jio Effect: Airtel Buys Telenor, Price Undisclosed So Far
Bharti Airtel said on Thursday it will buy Telenor (India) Communications Pvt Ltd, as part of which it will acquire the Norwegian company's operations in six states. It did not disclose financial terms of the deal.
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RCom, Tata Tele, Idea Shares Rise As Telecom Stocks Remain In Spotlight
Tata Teleservices (Maharashtra) Ltd rose 9.7 per cent while Reliance Communications jumped 7 per cent, surging to session highs of Rs 6.67 and Rs 35.45, respectively.
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RCom-Aircel Deal: 10 Facts About Largest Merger In India's Telecom Sector
Billionaire Anil Ambani's Reliance Communications Ltd will combine its wireless business with smaller rival Aircel to create India's third-biggest cellular carrier by subscribers, the companies said on Wednesday, as intensifying competition fuels consolidation in the world's second-biggest telecom market.
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Jio To Buy Equipment Maker Mimosa Networks For $60 Million
Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on Thursday.
-
"True Inspiration": Mukesh Ambani Praises Tata Group Chairman N Chandrasekaran
Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani has called Tata Group Chairperson N Chandrasekaran a "true inspiration" for the business community and youth of the country.
-
RCom, Reliance Jio Terminate Telecom Asset Transfer Agreements: 10 Things To Know
Industrialist Anil Ambani-led Reliance Communications Ltd (RCom) said on Monday it terminated a deal to sell its telecom assets to Reliance Jio Infocomm, the mobile telecom firm controlled by Anil's elder brother and Asia's richest man, Mukesh Ambani. The announcement comes at a time when Anil Ambani's Reliance Group, a diversified business empire,...
-
Anil Ambani Has A Day Left To Resolve $80 Million Dues To Avoid Jail
Once worth at least $55 billion, India's Anil Ambani has about a day to piece together $80 million to settle long-pending dues with a vendor or go to prison.
-
Ericsson Seeks Contempt Action Against Anil Ambani Over Rs 550 Crore Dues
Ericsson India Pvt Ltd on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against Chairman of Reliance Communication Ltd (RCom) Anil Dhirubhai Ambani for allegedly not complying with its order to clear dues of Rs 550 crore.
-
Reliance Communications Sells Rs 2,000 Crore-Assets To Reliance Jio
Reliance Communications Ltd said on Thursday it completed the sale of its media convergence nodes (MCNs) and related infrastructure assets worth Rs 2,000 crore ($285.4 million) to Reliance Jio Infocomm.
-
RCom Sale Of Tower, Fibre Business Gets Tribunal's Nod
Proceeds of the sale will be deposited with state-run State Bank of India in an escrow account, RCom said.
-
RCom Shareholders Approve Asset Sale Plan
Debt-laden Reliance Communications Ltd said on Friday its shareholders approved its asset sale plan
-
PR Firm Files Insolvency Plea Against Reliance Communications For Rs 44 Lakh
Fortuna Public Relations Pvt. Ltd has filed an insolvency petition against Reliance Communications Ltd, its lawyer said.
-
Sensex, Nifty Hit Record Highs Ahead Of GDP Data
Among losers, Reliance Communications Ltd plunged as much as 9.5 percent to its lowest ever after Moody's downgraded it deeper into "junk" territory.
-
Moody's Lowers RCom Rating Over Debt Concerns
Moody's said it had downgraded the telecom operator's "corporate family rating and senior secured bond rating to Caa1 from B2".
-
Sensex Eases From Record Highs; Reliance Communications Hits Life Low
Healthcare stocks were the biggest drag on the index, after shares of Sun Pharmaceutical Industries Ltd fell as much as 13.2 percent to a near four-year low.
-
The Jio Effect: Airtel Buys Telenor, Price Undisclosed So Far
Bharti Airtel said on Thursday it will buy Telenor (India) Communications Pvt Ltd, as part of which it will acquire the Norwegian company's operations in six states. It did not disclose financial terms of the deal.
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RCom, Tata Tele, Idea Shares Rise As Telecom Stocks Remain In Spotlight
Tata Teleservices (Maharashtra) Ltd rose 9.7 per cent while Reliance Communications jumped 7 per cent, surging to session highs of Rs 6.67 and Rs 35.45, respectively.
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RCom-Aircel Deal: 10 Facts About Largest Merger In India's Telecom Sector
Billionaire Anil Ambani's Reliance Communications Ltd will combine its wireless business with smaller rival Aircel to create India's third-biggest cellular carrier by subscribers, the companies said on Wednesday, as intensifying competition fuels consolidation in the world's second-biggest telecom market.
