India-AT&T talks show looming superpower

Release Date 7 Jun, 2010 in MarketWatch

 
   

Weak signal

Daily News & Analysis - Vivek Kaul - 7 Jun, 2010
Mumbai: The cat is finally out of the bag. Reliance Communications is looking to sell a 26% stake in the company. Rumour mills had been abuzz over the last ...

Indias Reliance to sell stake to raise funds for 3G

BusinessWeek - John Ribeiro - 7 Jun, 2010
India s second largest mobile operator, Reliance Communications, said on Sunday that its board of directors has approved in principle ...

Ambani Seeks New Connections

Forbes (blog) - 7 Jun, 2010
Reliance Communications, among India's leading telecom firms controlled by billionaire Anil Ambani, is on the verge of sealing a deal to sell a 26% equity ...

AT&T not in talks with India's Reliance US company denies active negotiations

MarketWatch - Jeffry Bartash - 7 Jun, 2010
NEW YORK (MarketWatch) -- AT&T Inc. on Monday denied it is holding current talks with Reliance Communications about buying a ...

RCom stake fray hots up with AT&T

Hindustan Times - 7 Jun, 2010
The race to buy a large stake in Reliance Communications (RCom), India's second largest private telecom service provider, is hotting up with US-based AT&T ...

Sensex down 336 points; RCom shines

Hindu Business Line - 7 Jun, 2010
Reliance Communications, which announced its plan for a 26-per cent stake sale, was a major gainer on Monday, a day when the benchmark index, Sensex, ...

Is AT&T trying to break into India's cell phone market?

CNET - Marguerite Reardon - 7 Jun, 2010
AT&T is reportedly looking to get a piece of the mobile market in India, according to a story in The Wall Street Journal. ...

India-AT&T talks show looming superpower

MarketWatch - 7 Jun, 2010
By MarketWatch NEW YORK (MarketWatch) -- The real story isn't that India's Reliance Communications and AT&T Inc. are reported to be hammering out a deal in ...

AT&T Headed to India? Not So Fast.

Wall Street Journal (blog) - Michael Corkery - 7 Jun, 2010
India â€" a nation of 1.2 billion people with more than 600 million wireless customers, and 17 million new customers being added every ...

RCOM zooms as Sensex tanks

Hindustan Times - 7 Jun, 2010
Amid talk of a strategic stake sale at a premium, shares of RCom bucked the markets on Monday as they rose by 4.6 per cent to close at Rs 175.9 even as the ...

AT&T denies Reliance talks; Etisalat weighs India options

Economic Times - 7 Jun, 2010
NEW DELHI/AMMAN: Abu Dhabi's Etisalat is looking at a deal with Reliance Communications as it mulls its options in India, while AT&T Inc denied media ...

RCom: Spate of good news

Business Standard - 7 Jun, 2010
The Reliance Communications scrip is seeing a flurry of interest after struggling for the better part of the year. The news of equity dilution and scrapping ...

Etisalat weighs Reliance deal

Reuters - 7 Jun, 2010
NEW DELHI/AMMAN (Reuters) - Abu Dhabi's Etisalat (ETEL.AD) is looking at a deal with Reliance Communications (RLCM.BO) as it mulls its options in India, ...

AT&T says it is not in talks with India's Reliance

MarketWatch - Wallace Witkowski - 7 Jun, 2010
SAN FRANCISCO (MarketWatch) -- AT&T Inc. (NYSE:T) said Monday that it is not in talks to take a stake in Indian wireless company Reliance Communications. ...

Reliance Communications approves stake sale

The Associated Press - Erika Kinetz - 7 Jun, 2010
MUMBAI, India â€" India's Reliance Communications has approved a plan to sell a minority stake to a bidder like Etisalat, AT&T or MTN Group, sending its stock ...

Reliance Comm jumps after board OKs stake sale

Sify - Ranjit Gangadharan - 7 Jun, 2010
Shares in Reliance Communications jumped more than 5 percent in a weak Mumbai market, after the No.2 Indian mobile operator's board approved selling up to ...

Reliance Communications scrip opens sharply higher

Sify - 7 Jun, 2010
The shares of Reliance Communications, led by billionaire industrialist Anil Ambani, opened sharply higher Monday, a day after its board approved a 26 ...

RCom investors richer by Rs 1600 cr

Expressindia.com - 7 Jun, 2010
Mumbai The ADAG firm Reliance Communications today soared nearly 5 per cent in a weak trade on the BSE, making investors richer by nearly Rs 1600 crore, ...

India's Reliance telecom 'in talks for stake sale'

AFP - 7 Jun, 2010
MUMBAI â€" India mobile giant Reliance Communications is in talks to sell up to 26 percent of the company, a source said Monday amid new speculation about a ...

Despite weak market, Reliance Communications scrip ends higher

Economic Times - 7 Jun, 2010
7 Jun 2010, 1641 hrs IST, PTI MUMBAI: Bucking the general gloomy trend, the shares of Reliance Communications closed significantly higher on Indian bourses ...

Heard on the Street: One More Rings Reliance's Bell

Wall Street Journal - Harsh Joshi - 7 Jun, 2010
Reliance Communications, India's second-largest wireless company by subscribers, is reportedly looking for a partner. ...

Indian shares snap 3-day rise as global woes weigh

Reuters - Ami Shah - 7 Jun, 2010
MUMBAI, June 7 (Reuters) - Indian shares snapped a three-day rise and fell nearly 2 percent in low-volume trade on Monday, as weak US jobs data ...

Official: India's Reliance Communications in talks with Etisalat, AT&T, MTN ...

TODAYonline - 7 Jun, 2010
MUMBAI, India (AP) - Officials say India's Reliance Communications has approved a plan to sell off a minority stake to a bidder like Etisalat, ...

RCom, AT&T in informal merger talks

Rediff - 7 Jun, 2010
Anil Ambani group firm Reliance Communications [ Get Quote ] is carrying out informal discussions with US telecom major AT&T for selling a minority stake in ...

Etisalat Considers Stake in Reliance Communications

BusinessWeek - Haris Anwar - 7 Jun, 2010
June 7 (Bloomberg) -- Emirates Telecommunications Corp., the United Arab Emirates' phone company known as Etisalat, ...

Indian shares fall 2.1 pct; Reliance Comm jumps

Reuters - 7 Jun, 2010
MUMBAI, June 7 (Reuters) - Indian shares shed more than 2 percent on Monday as investors joined a global sell-off after weak US jobs data and concerns over ...

Reliance Gains on Stake Sale Approval

Wall Street Journal (blog) - Shikhar Balwani - 7 Jun, 2010
Reliance Communications shares rose 3.4% to 173.90 rupees (about US$3.68) after the board gave in-principle approval for sale of an up to ...

Reliance Communications gains on talks of stake sale

NDTV.com - 7 Jun, 2010
Anil Ambani led Reliance Communications was the only Sensex stock in green amid the slump on Dalal Street. The stock was up 2.56 per cent and trading at Rs ...

Reliance Comm rallies on stake sale plan

Reuters - Ranjit Gangadharan - 7 Jun, 2010
NEW DELHI June 7 (Reuters) - Shares in India's Reliance Communications (RLCM.BO) rose for a fourth session on Monday, briefly erasing their losses for the ...

Reliance Comm to sale 26% stake; stk gains 4%

Moneycontrol.com - 7 Jun, 2010
Reliance Communications touched an intraday high of Rs 178.70 and an intraday low of Rs 162. At 09:05 hrs the share was quoting at Rs 175.60, up Rs 7.05, ...

 

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