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Reliance Communications

Bharti leads backlash against Indian 3G auctions

India’s largest mobile operator, Bharti Airtel, is among the leading names to have criticised India’s 3G auctions, which finished yesterday without any operators securing nationwide spectrum. No operator was prepared to meet the cost of acquiring a nationwide 3G footprint, which would have cost around US$3.6 billion.

RCom FY revenues fall 3.6%

Indian operator Reliance Communications’ revenues for the fiscal year to 31 March fell 3.6 percent to INR221.32 billion from INR229.4 billion in the previous year.

Analysts voice fears over high Indian 3G spectrum costs

Bidding for nationwide 3G spectrum in India approached the INR13,000 (US$2.9 billion) mark over the weekend, prompting fears that even the largest Indian telcos could drop out of the process.

Report: RCOM set to sell stake to foreign telco

India’s third-largest mobile operator, Reliance Communications (RCOM), is reportedly in talks to sell-off as much as a 26 percent stake in the company to a major foreign telecoms operator.

Reliance eyes 100M subs as GSM drives growth

Indian mobile operator Reliance Communications (RCom) claims to have attracted a record number of new customers in the first quarter of the year following the launch of its new GSM network, and is aiming to become one of the world’s five largest mobile operators by subscribers.

Alcatel-Lucent linked to US600M RCom deal

Indian operator Reliance Communications (RCom)is close to awarding a U$500-600 million operations and maintenance contract to Alcatel-Lucent, notes Telecompaper, citing a Business Standard report.

India’s R-Com plans US1B telecom tower listing

Indian operator Reliance Communications (R-Com) is to partly sell-off its tower business in an IPO that could fetch the company US$1 billion. R-Com’s owner – billionaire businessman Anil Ambani – told an annual general meeting of shareholders yesterday that the operator would offer 10 percent of its tower business, Reliance Infratel, to investors, reports Financial Times.