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Telecom may soon be a monopoly: Anil AmbaniAmbani said RCom would focus on real estate, wherein Reliance Realty would be “the new growth engine.”- RCom to monetise enterprise, global undersea cable businesses: Anil AmbaniAmbani said the telecom industry was reeling under a debt of Rs 7.7 lakh crore and the financial stress has forced the sector to halve its ...
- TDSAT asks DoT not to act on RCom showcause notice over spectrum cancellation till Aug 10Posting the matter for directions on August 10, the tribunal has instructed the respondent, in this case, the Telecom Department "not to gi...
- Jobs at RCom reduced by 94% to 3,400 from 52,000 at its peakRCom, which is reeling under debt of around Rs 45,000 crore, closed it mobile services business in January this year and continues to provi...
- Middle-level telecom employees should be the most worriedAccording to a staffing expert, most of the cuts will be in the tech & engineering side, which typically command salaries between Rs 40,000...
- Going may get tough for 1,200 RCom employees in job marketRecruiters said those with more than eight years of experience will have the toughest time and even junior-level employees will find the ma...
- First on ET: RCom may shut its wireless business in next 30 days, employees put on notice periodThe 'creative destruction' of Jio was also a factor since it 'crippled' many players and eroded an industry that got its revenues from voic...
- Telecom Minister Manoj Sinha plays down job loss concerns amid consolidation“There is no problem of jobs. Look at the number of stores being opened by Jio. To say that jobs are reducing is untrue and far away from t...
- What if your company shuts down? How employees can survive sudden layoffs without tearsSuddenly, a large number of people start chasing a limited number of jobs. This not only brings down your bargaining power but can also mea...
- NSR’s Chachondia may helm Brookfield’s tower businessLate December, Brookfield had agreed to buy 100% equity in TowerCom Infrastructure, the SPV in which RCom has hived off its telecom towers.
- Telecom industry's cash deficit at Rs 1.2 lakh crore: Reliance CommunicationsWith annual interest payments, loan re-payment obligation, spectrum-related outgo and capex expected to add up to a Rs 1,62,000 crore tab.
- Pink slips for 600 as Reliance Communications trims fatIncidentally, the sackings came after RCom reported its first ever consolidated net loss of Rs 531 crore in the December quarter.
- Hello & goodbye: Multi-billion dollar telecom mergers could see 25,000 pink slips and countingAny layoffs may take about 12-18 months. The merged entity will have to first ensure that distributors maintain the network and operators c...
- Reliance Communications expecting to shortly sign a merger deal with AircelRCom will demerge its wireless business and merge it with the existing unlisted Aircel, with promoters of both sides owning 50% each in the...
- Reliance Communications, Aircel combined entity to have Rs 25K crore business"The deal is almost in final stage. The merger should be announced within 10-15 days. The resultant entity will have revenue of Rs 25K cr f...
- We brought 1-mn people to web through internet.org: RCOMAs a debate rages on about the Net Neutrality and the role of Facebook's Internet.org platform, the social networking giant's Indian partne...
- Reliance Communications, Avaya ink Rs 500 crore customer care ops upgrade dealUnder the agreement, Avaya will modernise tools, processes and best practices resulting in operational efficiencies by managing cost throug...
- Reliance Communications may cut jobs in fresh rejigRCOM, is likely to undergo a second round of restructuring, close on the heels of the departure of its chief executive Syed Safawi.
- RCOM hits debt trail to fund MTN dealReliance Communications’ (RCOM) advisory team is expanding as its negotiations with MTN take a definitive shape. Hot Handsets | Phones for ...
- RCOM opens ESOP kitty for 20,000 employeesRCOM announced an employee stock options (ESOP) scheme for all 20,000 employees of the company and its subsidiaries. Need funds? Dial relat...
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