Reliance Communications

Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra that offered voice and 2G and 3G and 4G data services.

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

[12][13] On 1 July 2010, the board of Reliance Communications confirmed the acquisition of Digicable India's largest cable network in all-stock deal.

The new entity was named Reliance Digicom, which integrated RCOM's DTH TV, IPTV and retail broadband operations with Digicable.

[14] 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.

As a result of the deal, Reliance acquired MTS India's subscribers and SSTL's spectrum in the 850 MHz band.

[36] Reliance was looking at other options to meet their obligations under the SDR agreement and avoid insolvency proceedings by banks.

[37] 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.

During 2020, a consortium of companies bidded upwards of $200 Million USD to buy the assets of Reliance Communications.

[40] Members of the consortium include NKV Krishna's White Lotus Group, Mukesh Ambani's Reliance Industries, Bharti Airtel, UV Asset Reconstruction (UVARCL) and US-based Varde Partners.