Anil Ambani owned Reliance Communications (RCom), India's third-biggest mobile phone operator by customers, continues to be in talks with potential partners for selling a stake in a unit that includes its undersea cable assets. Back in April, the company reportedly was seeking to raise around $800 million by selling a majority stake in one of its units, to a consortium of investors led by Bahrain Telecommunications or Batelco.
The debt-laden Indian telecom company plans to use the funds to retire loans, which have been weighing on its bottom line. Reliance’s undersea cable network carries telecommunication signals across more than 68,000 kilometers in Asia, the Middle East, Europe and the U.S.
RCom is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: