Articles tagged with: Reliance and Passive Infrastructure

Reliance Communications Debt Ratings Affirmed at LAAA

Indian debt ratings agency, ICRA has assigned a long-term rating of LAAA each to the Rs. 30 billion Non-Convertible Debenture (NCD) Programme and the Rs. 100 billion proposed Long-Term Fund-Based Facilities of reliance Communications (RCOM). Further, ICRA has reaffirmed the LAAA rating assigned earlier to the Rs. 201.56 billion Long-Term Fund Based/Non-Fund Based Limits of RCOM.  more

Related Tags: itu, reliance-communications, rcom, cdma, gsm, icra, debt-ratings, reliance-infratel, presence, India

Reliance Announces Plans to Sell Stake in Tower Ops

India's reliance Communications has announced plans to float a shade over 10% of its tower's subsidiary, reliance Infratel on the local stock market. The sale is estimated by analysts to be aiming to raise between US$1.25-$1.5 billion for the company. The company filed its intention to launch the IPO with the Securities & Exchange Board of India (SEBI). It typically takes about a month for the board to approve the IPO terms - and another month to arrange the sale itself.  more

Related Tags: reliance-communications, ipo, backhaul, reliance-infratel, towers, India

Vodafone, Bharti and Idea Confirm Merging Indian Tower Ops

As has been widely rumoured over the past few weeks, India's Vodafone Essar, Bharti Infratel and Idea Cellular have confirmed plans to merge their tower operations into a single company. The new company, Indus Towers will provide passive infrastructure services in India to all operators on a non-discriminatory basis.  more

Related Tags: reliance-communications, ran, bharti, backhaul, essar, vodafone-essar, idea-cellular, indus-towers, towers, India

India's Reliance Preparing US$5.6 Billion GSM Tender

India's reliance Communications (RCom) is reported to be preparing for a massive GSM tender which could be worth as much as US$5.6 billion. The contract is expected to be for some 70 million GSM lines, and dwarfs the troubled 22.7 million GSM lines contract from state controlled BSNL.  more

Related Tags: reliance-communications, rcom, sharp, bsnl, India