Articles tagged with: Bharti and Rcom

Reliance Cellular - Gaining Market Share, but at a Price

Reliance ended Q1 with 72.7m mobile customers. This compares with 61.3m three months earlier and 45.8m at the end of the fiscal year 07/08, gains of 10.3m and 26.9m respectively. The company claims to be "India's largest integrated communications service provider" but the claim has something of a hollow ring when its numbers are set alongside those of bharti Airtel. Reliance may be integrated, for what that's worth, but it just isn't as big as bharti, either by revenues or customers. Its customer base of 77m (including Broadband) is less than bharti's 96.7m, while its revenues - INR61.2bn in this latest quarter – fall well short of bharti's INR98.2m.  more

Related Tags: reliance, gsm, India

MTN Extends Exclusive Talks With Reliance Communications

JOHANNESBURG -(Dow Jones)- South Africa's MTN Group said it has agreed to extend a period of exclusive negotiations with India's Reliance Communications until July 21.  more

Related Tags: mtn, reliance-communications, reliance, bharti-airtel, South Africa

Reliance Seeks to Sell Further Stake in Towers Subsidiary

India's Reliance Communications (RCOM) is reported to be planning to sell another 5% stake in its wireless tower business (RTIL) by the end of this year. The Economic Times reports that JP Morgan has invited bids for the stake - which it aims to sell for more than the $345 million that the company got for the 5% it sold earlier this year. The sale at the time valued the tower operations at US$6.75 billion.  more

Related Tags: reliance-communications, reliance, bharti-airtel, idea-cellular, India