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RCom rises on entering into strategic partnership with RJIL

18 Jan 2016 Evaluate

RCom is currently trading at Rs. 73.50, up by 0.45 points or 0.62% from its previous closing of Rs. 73.05 on the BSE.

The scrip opened at Rs. 73.50 and has touched a high and low of Rs. 75.40 and Rs. 68.85 respectively. So far 19,11,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 91.80 on 01-Jan-2016 and a 52 week low of Rs. 45.65 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 85.10 and Rs. 68.85 respectively. The current market cap of the company is Rs. 18,244.00 crore.

The promoters holding in the company stood at 59.70% while Institutions and Non-Institutions held 29.58% and 10.30% respectively.

Reliance Industries’ subsidiary Reliance Jio Infocomm (RJIL) and Reliance Communications (RCOM) have signed Agreements for Change in Spectrum Allotment in 800 MHz band across 9 Circles from RCOM to RJIL, and for Sharing of Spectrum in 800 MHz band across 17 Circles. As part of the enhanced strategic collaboration, both Companies also intend to enter into reciprocal Intra Circle Roaming (ICR) arrangements. Access to enhanced spectrum footprint in the 800 MHz band will complement RJIL’s best-inclass LTE services rollout, providing increased network coverage and superior service quality.

The spectrum arrangements between RJIL and RCOM will result in network synergies, enhanced network capacity and will optimise spectrum utilisation and capex efficiencies. Both operators anticipate considerable savings in operating costs and future investment in networks. RCOM’s customers will benefit from access to Reliance Jio’s world class nationwide 4G LTE network under the reciprocal sharing and ICR agreements. The arrangements are subject to liberalisation of RCOM spectrum in the 800 MHz band and obtaining requisite approvals.

These agreements further strengthen the comprehensive framework of business cooperation between RJIL and RCOM GROUP, following the nationwide long term IRU agreements for inter and intra city optical fibre networks, and for sharing of telecom tower infrastructure.


Reliance Comm Share Price

1.05 0.01 (0.96%)
17-Apr-2026 16:59 View Price Chart
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