BIG CBS Network, a branch of Reliance Broadcast Network, signed a distribution project with direct-to-home DISH TV Company for English General Entertainment channel BIG CBS Prime. These moves will extend the business of BIG CBS Prime to an audience base of 12.5 million subscribers, taking its total reach to 42.5 million homes, BIG said in […]
Reliance Communications Ltd. received the permission from the Reserve Bank of India for the refinancing from Industrial and Commercial Bank of China Ltd (ICBC) and Export Import Bank of China (EXIM) for deliverance of its outstanding FCCBs (Foreign Currency Convertible Bonds). The terrific FCCBs of US$ 1,182 million (approximately Rs. 5,825 crore at the prevailing […]
According to sources, Reliance Communications is planning an initial public offering (IPO) of Reliance Globalcom in Singapore. Reliance may sell 75% stake in this company, through which Reliance Communications is looking forward to raising up to $1.5 billion. The company has a debt of nearly Rs 32,000 crore by the end of September 2011. To […]
