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Stock score of Reliance Communications Ltd moved down by 1 in 3 months on a point scale. Also, Reliance Gateway Net Ltd, a wholly owned subsidiary of the company amalgamated with the company with effect from July 13, During the year, the company won the prestigious Global World Communication Awards 09, held in London.
The company was the only Indian company to win an award at WCA During the year , the company along with its wholly owned subsidiary, Reliance Telecom Ltd RTL was awarded 3G spectrum in 13 out of 22 telecom circles, at a price of 85, million. The company is one among the only 3 operators who won in 13 circles, the highest circle coverage for any existing player.
The company won in all the 3 metros namely Mumbai, Delhi and Kolkata and also in all those circles in which the Company has GSM incumbents. In December 13, , the company became the first operator to offer 3G services to customers in top 3 metro circles namely Mumbai, Delhi and Kolkata. The Company is awaiting regulatory approvals for completing this transaction. In March 9, , the company signed facility agreement with China Development Bank CDB which includes Rs 6, crore for refinancing 3G spectrum fee payment by the company and Rs 2, crore for equipment imports from Chinese Vendors by the company and Reliance Telecom Ltd.
During the year, Reliance Mobile Commerce Limited became the wholly owned subsidiary of the company. Global Innovative Solutions Pvt Ltd, a wholly owned subsidiary of the company was amalgamated with the company with effect from May 25, The appointed date was April 1, The appointed date was January 1, In January , the company acquired AnComm, creator of Talk About It, the anonymous communication service that allows students to speak up by engaging in text message or email dialogue with trusted school staff members.
The company partners with Big Flix to provide movies to its 3G subscriber. In , the company entered into a billion dollar contract with Alcatel-Lucent in a bid to improve network performance and customer experience to offer Next Generation telecom solutions across multiple devices and platforms.
The company launches first of its kind customer delight program in India. Reliance Globalcom delivers first circuit to Mobily on newly launched Hawk cable system -Reliance Communications partners with Twitter in India. In , Reliance launches 'Free Facebook Fridays'. R Com expands 3G services to 18 circles. Reliance Commu. During the year , Internet Exchangenext. For the remaining 4 circles viz. Karnataka, Kerala, Tamilnadu and Rajasthan, approvals have been received in May This is as per the Guidelines for Grant of UL, which mandates migration to Unified License on expiry of current license, to ensure continuity of services.
Similar to the successful 'TalkLoan' facility that was launched in FY15; a unique 'DataLoan' facility for prepaid customers was introduced. This can be utilized when prepaid customers' data quota falls below 10 MB.
Data is instantly credited to customers' account. In FY16, the Company launched a unique proposition giving unlimited calls free to any local and STD Reliance number from home circle and also during national roaming. Calls made to any landline Local and STD are free from both home and roaming location.
Unlimited on net and landline is coupled with free daily entitlement of 30 min for all off-net calls. Incoming calls during roaming are also free. RCOM will acquire approx. Rs 1, crore of annual revenues by virtue of this transaction.
This will extend RCOM's spectrum validity in 8 important circles to
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