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Reliance Communications’ arm acquires newly incorporated company ‘ONL’

17 Nov 2016 Evaluate

Reliance Communications (RCom) through its wholly owned subsidiary - Reliance Globalcom Services Inc, has acquired a newly incorporated company named ‘Onyx NewCo LLC’ (ONL), a Delaware Registered Company, on November 15, 2016. ONL will be a Telecommunications company, which is yet to commence its business operations.

Reliance Communications is India’s foremost and truly-integrated telecommunications service provider. The company has a customer base of over 111 million, including over 2.6 million individual overseas retail customers.



Peers
Company Name CMP
Bharti Airtel 1833.00
Vodafone Idea 13.20
Indus Towers 385.00
Tata Communications 1660.15
Railtel Corp. India 254.45
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