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Reliance Commmunications net profit down 33% to Rs 108 cr for Q1

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New Delhi: Reliance Communications today reported a 33.33 per cent drop in its net profit at Rs 108 crore for the first quarter ended June 30, 2013. The company had reported a net profit of Rs 162 cr

Mukesh Ambani bets on 4G broadband, but risks abound

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New Delhi: Tycoon Mukesh Ambani hopes his multi-billion dollar bet on cheap high-speed wireless broadband could change the way nearly a billion of his countrymen use mobile devices from the way they

Ambani brothers strike Rs 12,000 crore telecom tower deal

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Mumbai: Billionaire Ambani brothers on Friday announced a Rs 12,000-crore deal, wherein Mukesh will use towers owned by a firm run by his younger sibling Anil for launch of his telecom venture.
Relia

Mukesh Ambani inks Rs 1200 crore deal with Anil Ambani's Reliance Communications

Mumbai: Billionaire Ambani brothers today struck a Rs 1,200-crore deal wherein Mukesh will use his younger sibling's optic fibre network for launch of his telecom venture.
Under the pact, Mukesh Amba

Reliance Communications raises call prices, shares rise

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Reliance Communications Ltd, India's third-biggest mobile phone carrier, raised call prices by a quarter in four service zones and said it will extend the hike to all zones in the next 30 days, sendin

Ambani reassures RComm shareholders as debt weighs

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Billionaire Anil Ambani on Tuesday reassured shareholders of his flagship telecom carrier Reliance Communications Ltd that the company is pursuing options to reduce its heavy debt load, sending its st

TDSAT rejects RCom plea against spectrum auction guidelines

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Telecom tribunal TDSAT has rejected Reliance Communications' plea against the guidelines issued by the government for the proposed auction of spectrum.

"The impugned guidelines in our opinion, being

RComm profit rise capped by higher interest costs

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Telecoms carrier Reliance Communications on Saturday reported a smaller-than-expected 3 per cent rise in quarterly profit, weighed down by higher finance costs, in what was its second straight quarter

Reliance Communications shares drop after shelving unit's Singapore IPO

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Shares in Reliance Communications dropped more than 3 per cent on Monday after shelving a planned Singapore initial public offering for its undersea cable unit, citing unfavourable market conditions.

RComm sets price range for $1 bn Singapore cable IPO

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Reliance Communications Ltd has set an indicative price range for the Singapore initial public offering of its undersea cable unit that could raise as much as $1 billion and help the parent reduce its debt load, IFR Asia reported on Monday.

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