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词条 Reliance Communications
释义

  1. History

      Acquisition of MTS India    {{anchor|Attempted merger of wireless business with Aircel}}Attempted merger with Aircel    The Ericsson case  

  2. References

  3. External links

{{Use dmy dates|date=July 2016}}{{Use Indian English|date=July 2016}}{{Not to be confused with|Reliance Jio}}{{update|date=February 2019}}{{Infobox company
| name = Reliance Communications Ltd
| logo =
| type = Public
| traded_as = {{Unbulleted list
| {{NSE|RCOM}}
| {{BSE|532712}}
| founder = Anil Ambani
| key_people = {{Unbulleted list
| Anil Ambani (Chairman)
| Bill Barney (CEO)
| industry = Telecommunication
| fate = Bankruptcy (Mobile Network Division)
| services = {{Unbulleted list
| Business Internet
| Network Services
| Cloud Networking
| Data Center Services
| Enterprise Voice
| Cloud Telephony
| Collaboration Services
| Wholesale Voice
| Value Added Services (VAS)
| revenue = Rs 4,684 crore [1]
| revenue_year = 2018
| members = 22,138[2]
(December 2018)
| num_employees = 3,000 approximately [1]
| num_employees_year = 2018
| owners = Reliance ADAG (90%), SSTL (10%)
| subsid = {{Unbulleted list
| Global Cloud Xchange
| homepage = {{URL|http://www.rcom.co.in}}
| founded = {{Start date and age|27 December 2002||}}
| hq_location = DAKC, Kopar Khairane
| hq_location_city = Navi Mumbai, Maharashtra
| hq_location_country = India
}}Reliance Communications (stylised as RCOM) was a significant mobile network provider in India. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt.[3] It has an estimated debt of {{INR}}42,000 crore against assets worth {{INR}}18,000 crore.[4]

As of March 2019, the company has reworked its strategy and continues to operate fixed-line communications, data center services, enterprise solutions as well as subsea cable networks under the banner name, "The New Reliance Communications".[5]

History

Reliance Communications was founded in India in 2002 as Reliance Infocomm[6] with the introduction of its nationwide CDMA2000 service. The company introduced its GSM service in 2008. It began using MIMO technology in 2011 to improve the quality of its 3G service, providing a data rate of up to 28 Mbit/s.{{cn|date=February 2019}}

In the 2010 spectrum auction, Reliance obtained licenses for 3G spectrum in three cities at a total licensing fee of {{INR}}58,642.9 million.[7] The company reduced the price of its 3G service by 61 percent in May 2012.[8]

Reliance and Lenovo introduced their co-branded Android smartphones in India in 2013.[9]

The company ended its CDMA operations in 2016, and migrated its subscribers to its GSM and LTE networks by September the same year.[10][11]

Acquisition of MTS India

On 14 January 2016, Reliance Communications announced that it had acquired Sistema Shyam TeleServices Limited (SSTL, operating as MTS India) in an all-stock deal. SSTL received a 10 per cent stake in Reliance Communications after repaying its existing debt. Reliance Communications would assume responsibility for instalments that MTS owed the government for spectrum purchases, amounting to {{INR}}392 crore every year for 10 years. As a result of the deal, Reliance acquired MTS India's subscribers and SSTL's spectrum in the 850 MHz band.[12]

India's anti-trust regulator, the Competition Commission of India (CCI) approved the merger in February 2016.[13] The Securities and Exchange Board of India (SEBI) also cleared the deal. SSTL shareholders approved the merger on 18 March 2016.[14] By mid-August, it was approved by tax authorities and the shareholders and creditors of Reliance and SSTL.[15] The merger was approved by the Rajasthan High Court on 30 September 2016[16] and the Bombay High Court on 7 October 2016.[17] In April 2017, Reliance laid off 600 employees in preparation for its mergers with MTS and Aircel.[18]

The Department of Telecommunications gave the final approval for the merger on 20 October 2017[19][20]. On 31 October 2017, Reliance Communications announced that the merger was complete.[21][22]

{{anchor|Attempted merger of wireless business with Aircel}}Attempted merger with Aircel

On 14 September 2016, Reliance and Maxis Communications (owners of Aircel) announced that they would merge their mobile networks. The deal, the largest consolidation in Indian telecommunication history, would have created the fourth-largest mobile network operator in the country in subscribers and revenue. Reliance and Maxis would each hold a 50-percent stake in the merged entity, with equal representation on its board of directors and committees. Reliance would continue to operate in the enterprise segment and data-center businesses as a standalone company.[23][24]

The company announced on 15 March 2017 that it had received approval from the SEBI, BSE, and NSE.[25][26][27] The deal was approved by the CCI on 20 March.[28][29] Aircel and Reliance shareholders approved the merger on 22 and 24 April 2017, respectively,[30] and it was expected to be completed by mid-2017.[31]

However, on 1 October Reliance announced that it had allowed the merger agreement to lapse.[32] The deal, which was expected to help the company repay {{INR}}25,000 crore of debt, was cancelled due to delays by entrenched competition.[33] Reliance was looking at other options to meet their obligations under the SDR agreement and avoid insolvency proceedings by banks.[34] Due to the failed Aircel merger, the company announced to employees in the wireless and DTH businesses on 25 October 2017 that they would be redundant effective 30 November. On 29 December 2017, Reliance discontinued voice services in India and would provide only 4G data service.

The Ericsson case

In 2013, Rcom signed a multi-year managed services agreement (MSA) with Ericsson to manage services of wireline and wireless network of 100,000 km of fiber and mobile infrastructure in 11 telecom circles in India. This arrangement was a smooth business relationship until 2016, post which RCom struggled to pay the dues. This has been seen as an impact of Reliance Jio that disrupted the Indian telecom industry with its aggressive pricing after its commercial launch in September 2016 that affected all leading telecom players.

By September 2017, Ericsson terminated the MSA and approached the NCLT to recover dues of Rs 1100 crores. By May 2018, the NCLT initiated insolvency proceedings even as RCom tried to sell spectrum and other assets. At the same time, RComm reached out to Ericsson and agreed to pay Rs 550 crore as a settlement with a personal guarantee from Anil Ambani on the condition of withdrawal of insolvency proceedings. The Supreme Court reviewed the matter in August 2018 and ordered RComm to pay up Rs 550 crore to Ericsson by 30 September. RComm failed to comply with the payment and sought an extension of 60 days to comply. Ericsson filed a contempt petition in Supreme court.

In February 2019, the Supreme court has held Anil Ambani and three others guilty of contempt of court and directed them to make payments by 19 March. In the meantime, Mukesh Ambani, the elder brother of Anil helped him with a bailout of 463 crores which he paid just a day before the deadline on 18 March[35].

References

1. ^{{cite web|url=http://rcom.co.in/our-company/investor-relations/financial-results|title=Investor Relations -- Financial Results|website=Reliance Communications|accessdate=28 February 2019}}
2. ^{{Cite web|url=https://www.trai.gov.in/sites/default/files/PR_No.13of2019.pdf|title=Press Release on Telecom Subscription Data as on 31st December, 2018|website=www.trai.gov.in|date=20 February 2019}}
3. ^{{cite news |last1=Siddiqui |first1=Danish |title=RCom goes to bankruptcy court to resolve debt burden |url=https://in.reuters.com/article/rcom-debt/rcom-goes-to-bankruptcy-court-to-resolve-debt-burden-idINKCN1PQ4WT |accessdate=28 February 2019 |work=Reuters |date=1 February 2019}}
4. ^{{cite news|last1=ET Bureau|title=RCom to move NCLT to offload assets, repay debt |url=https://m.economictimes.com/industry/telecom/anil-ambani-cant-find-a-fix-for-rcom-files-for-bankruptcy/articleshow/67798419.cms|accessdate=28 February 2019|work=The Economic Times|date=2 February 2019}}
5. ^{{Cite web|url=https://rcom.co.in/our-company/the-new-rcom/|title=The New RCOM|website=Reliance Communications|language=en|access-date=2019-03-22}}
6. ^{{cite news | url=http://www.rediff.com/money/2002/dec/27ril1.htm | title=Reliance set to revolutionise mobile services | publisher=Rediff | date=27 December 2002 | accessdate=29 November 2017}}
7. ^{{cite news|url=http://www.hindu.com/2010/12/14/stories/2010121464882200.htm|title=RCom launches 3G services in 3 cities|date=14 December 2010|publisher=The Hindu|location=Chennai, India|accessdate=8 March 2011|archive-url=https://web.archive.org/web/20101217164602/http://www.hindu.com/2010/12/14/stories/2010121464882200.htm|archive-date=17 December 2010|dead-url=yes|df=dmy-all}}
8. ^{{cite news|url=http://articles.timesofindia.indiatimes.com/2012-05-25/telecom/31888985_1_rcom-s-3g-high-speed-internet-usage-rcom-s-group|title=RCom slashes 3G tariff by 61%|date=25 May 2012|publisher=The Times of India|accessdate=25 May 2012}}
9. ^{{cite news|url=https://www.thehindubusinessline.com/info-tech/rcom-partners-lenovo-to-launch-sub-rs-8000-smartphone/article23095401.ece|title=RCom partners Lenovo to launch sub-Rs 8,000 smartphone|last=|first=|date=31 January 2013|work=|accessdate=|publisher=The Hindu|archive-url=https://web.archive.org/web/20180528175822/https://www.thehindubusinessline.com/info-tech/rcom-partners-lenovo-to-launch-sub-rs-8000-smartphone/article23095401.ece|archive-date=28 May 2018|dead-url=yes|df=dmy-all}}
10. ^{{cite web|url=http://telecomtalk.info/reliance-cdma-4g-upgrade/151437|title=RCom kicks off migration process; to upgrade CDMA subscribers to 4G LTE network|publisher=Telecom Talk|date=2016-04-02|language=en-US|accessdate=2016-09-14}}
11. ^{{cite news|url=http://profit.ndtv.com/news/earnings/article-reliance-communications-posts-nearly-6-rise-in-q1-profit-1458755|title=Reliance Communications Posts Nearly 6% Rise In Q1 Profit|publisher=NDTV|accessdate=2016-09-14}}
12. ^{{cite news|url=http://www.businesstoday.in/sectors/telecom/reliance-communications-acquires-sistemas-india-unit-in-all-stock-deal/story/225554.html|title=Reliance Communications acquires Sistema's MTS India in all-stock deal|publisher=Business Today|accessdate=2016-09-06}}
13. ^{{cite news|url=http://gadgets.ndtv.com/telecom/news/reliance-communications-gets-cci-approval-to-acquire-mts-805292|title=Reliance Communications gets CCI approval to acquire MTS|publisher=NDTV|accessdate=2016-09-06}}
14. ^{{cite news|url=http://articles.economictimes.indiatimes.com/2016-03-18/news/71630719_1_shyam-group-sistema-shyam-teleservices-sstl-spokesperson|title=Sistema Shyam shareholders approve merger with Reliance Communications|publisher=The Economic Times|accessdate=2016-09-06}}
15. ^{{cite news|url=http://economictimes.indiatimes.com/news/economy/policy/dots-approval-for-sstl-rcom-merger-likely-in-q4-sistema/articleshow/53940858.cms|title=DoT's approval for SSTL-RCOM merger likely in Q4: Sistema|publisher=The Economic Times|accessdate=2016-09-06}}
16. ^{{cite news|last1=|first1=|agency=Press Trust of India|title=RCom gets Rajasthan HC approval for Sistema acquisition|url=http://www.business-standard.com/article/pti-stories/rcom-gets-rajasthan-hc-approval-for-sistema-acquisition-116093001087_1.html|publisher=Business Standard|accessdate=1 October 2016|date=30 September 2016}}
17. ^{{cite news|url=http://economictimes.indiatimes.com/news/economy/policy/reliance-communication-gets-bombay-hc-approval-for-sistema-acquisition/articleshow/54739451.cms|title=Reliance Communication gets Bombay HC approval for Sistema acquisition|publisher=The Economic Times|accessdate=2016-10-08}}
18. ^{{cite news|title=Pink slips for 600 as Reliance Communications trims fat|url=http://economictimes.indiatimes.com/news/economy/policy/pink-slips-for-600-as-reliance-communications-trims-fat/articleshow/58070911.cms|publisher=The Economic Times|accessdate=5 May 2017}}
19. ^{{cite news|title=Telecom department approves RCom-MTS merger|url=https://telecom.economictimes.indiatimes.com/news/telecom-department-approves-rcom-mts-merger/61182496|publisher= The Economic Times|accessdate=18 November 2017|language=en}}
20. ^{{cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/rcom-sistema-shyam-merger-gets-dot-approval/articleshow/61187148.cms|title=RCom-Sistema Shyam merger gets DoT approval|date=2017-10-23|publisher=The Economic Times|accessdate=2017-10-24}}
21. ^{{cite news|title=Reliance Communications Completes Merger With MTS|url=http://profit.ndtv.com/news/corporates/article-reliance-communications-completes-merger-with-mts-1769486|publisher=NDTV|accessdate=18 November 2017}}
22. ^{{cite news|title=Reliance Communications completes merger with MTS|url=http://zeenews.india.com/companies/reliance-communications-completes-merger-with-mts-2053315.html|publisher=Zee News|accessdate=18 November 2017|language=en|date=31 October 2017}}
23. ^{{cite news|url=http://timesofindia.indiatimes.com/tech/tech-news/RCom-Aircel-announce-merger-create-fourth-largest-telco-in-India/articleshow/54331909.cms|title=RCom, Aircel announce merger; create fourth largest telco in India|publisher=Times of India|accessdate=2016-09-14}}
24. ^{{cite news|url=http://www.thehindu.com/business/Industry/reliance-communications-aircel-announce-merger-in-largestever-consolidation-deal-in-indian-telecom-sector/article9107868.ece|title=RCom-Aircel merger a strong challenger to Idea Cellular|last=Pandey|first=Piyush|date=2016-09-14|publisher=The Hindu|language=en-IN|issn=0971-751X|accessdate=2016-09-14}}
25. ^{{cite news|title=Reliance Communications Gets SEBI, Exchanges Nod For Aircel Merger|url=http://profit.ndtv.com/news/corporates/article-sebi-bse-nse-approve-rcom-aircel-deal-1669707|publisher=NDTV|accessdate=20 March 2017}}
26. ^{{cite web|last1=India|first1=Press Trust of|title=Reliance Communications gets Sebi nod for merger with Aircel|url=http://www.business-standard.com/article/companies/reliance-comunications-gets-sebi-nod-for-merger-with-aircel-117031500312_1.html|publisher=Business Standard India|accessdate=20 March 2017|date=15 March 2017}}
27. ^{{cite web| last1=|first1=|title=RCom-Aircel merger gets SEBI nod|url=http://www.thehindubusinessline.com/info-tech/rcomaircel-merger-gets-sebi-nod/article9584844.ece|publisher=The Hindu Business Line|accessdate=20 March 2017|language=en|date=15 March 2017}}
28. ^{{cite web|last1=|first1=|title=RCOM gets CCI approval for Aircel merger|url =http://www.india.com/news/agencies/rcom-gets-cci-approval-for-aircel-merger-1942342|agency=IANS|publisher=India.com| accessdate=20 March 2017|language=en|date=20 March 2017}}
29. ^{{cite web|last1=Lead|first1=Telecom|title=RCOM-Aircel merger deal gets CCI approval|url=http://www.telecomlead.com/telecom-services/rcom-aircel-merger-deal-gets-cci-approval-75445|website=Telecom Lead|accessdate=20 March 2017|date=20 March 2017}}
30. ^{{cite web|title=Anil Ambani-driven RCom, Aircel shareholders approve merger - ET Telecom|url=http://telecom.economictimes.indiatimes.com/news/rcom-aircel-shareholders-approve-merger/58340487|website =ETTelecom.com |accessdate =5 May 2017|language=en}}
31. ^{{cite web|title=RCom says Aircel merger to be completed by 2017 middle, MTS merger by March|url=https://telecomtalk.info/rcom-says-aircel-merger-to-be-completed-by-2017-middle-mts-merger-by-march/160647/|website=Telecom Talk|accessdate=15 February 2017}}
32. ^{{cite news|title=RCom abandons mobile business merger with rival Aircel|url=https://www.ft.com/content/1254e56e-a6c4-11e7-ab55-27219df83c97|publisher=Financial Times|accessdate=18 November 2017}}
33. ^{{Cite news|url=http://economictimes.indiatimes.com/tech/internet/rcom-calls-off-aircel-merger-blames-legal-uncertainties-policy-directives-for-delay/articleshow/60901981.cms|title=RCom calls off Aircel merger; blames legal uncertainties, policy directives for delay|last=Sengupta|first=Devina|date=2017-10-02|work=The Economic Times|accessdate=2017-10-02}}
34. ^{{Cite news|url= http://www.livemint.com/Companies/KFJtF12XeiAnLmVd0YPhyO/RCom-readies-for-fire-sale-of-its-assets-to-pare-debt-as-Ai.html|title=RCom readies for fire sale of its assets to pare debt, as Aircel merger fails|last=Raj|first=Amrit|date=2017-10-03|work=Livemint|access-date=2017-10-02}}
35. ^{{Cite web|url=https://www.moneycontrol.com/news/business/a-timeline-of-reliance-communications-versus-ericsson-case-3661261.html|title=A timeline of Reliance Communications versus Ericsson case|website=Moneycontrol|access-date=2019-03-19}}

External links

  • {{Official}}
{{Major telecommunications companies}}{{Reliance Anil Dhirubhai Ambani Group}}{{Telecommunication companies of India}}

8 : 2G spectrum case|Companies listed on the Bombay Stock Exchange|Internet service providers of India|Mobile phone companies of India|Private equity portfolio companies|Reliance Anil Dhirubhai Ambani Group subsidiaries|Technology companies established in 2004|Telecommunications companies of India

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