Jio-RCom spectrum sharing deal not connected with AGR liability: Sources

RJIL in April 2016 entered into a pact to share a part of the spectrum held by RCom and its unit Reliance Telecom Ltd (RTL).

published on : 15th August 2020

AGR case: SC seeks details of spectrum sharing agreement between RCom, Reliance Jio

Spectrum is government property, not private, and anyone using it is liable to pay the dues, the apex court said.

published on : 14th August 2020

Beware of webinarcoma, laughable but not trivial

It started with memes, as it mostly does. Netizens often express their uneasiness with a humorous image, video or text, and sometimes a combination of all.

published on : 27th June 2020

Reliance Communications​ resolution plan filed with NCLT

This is the highest-ever recovery of dues by financial creditors in the telecom sector which has seen the exit or shut down of 11 out of 12 telcos since 2012.

published on : 7th March 2020

Lenders approve Rs 23,000 crore resolution plan for Reliance Communications

Sources said that a committee of RCom creditors on March 4 unanimously approved the insolvency resolution plan to settle unpaid debt of RCom, Reliance Telecom and Reliance Infratel.

published on : 5th March 2020

SBI board approves Reliance Communications insolvency resolution plan: Sources

UV Asset Reconstruction Company is believed to have placed bid of around Rs 14,700 crore, while Reliance Jio has made an offer of Rs 4,700 crore for tower and fibre assets of Reliance Infratel Ltd.

published on : 4th March 2020

Reliance Communications creditors may seek more time to complete asset sale process

RCom has put all of its assets for sale which include spectrum holding of 122 MHz, towers business, optical fibre network and data centres.

published on : 2nd January 2020

Reliance Communications debt will be cut by Rs 39,000 crore through new resolution: Anil Ambani

Reliance Communications had close to Rs 45,000 crore debt on its books in October 2017, he had said. The RCOM stock rose sharply on announcment, closing at 30 per cent high at Rs 21.33.

published on : 26th December 2017

RCom to sell DTH arm BIG TV to Pantel Tech, Veecon Media

The move is aimed at reducing debt and benefiting all stakeholders, including lenders and shareholders, of RCom.

published on : 28th November 2017

Lenders clear sale of RCom Delhi, Chennai asset for Rs 801 crore

Lenders of debt-ridden Reliance Communications have approved the sale of its real estate assets in Delhi and Chennai to Canada-based asset management firm Brookfield.

published on : 20th November 2017

Anil Ambani hands over majority stake in RCom to banks in new debt recast plan

RCom today presented a fresh plan to recast its Rs 45,000 crore debt to lenders that includes converting Rs 7,000 crore of debt into equity by banks and handing over majority stake to them.

published on : 30th October 2017

Lenders to take 51 per cent stake in RCom post debt conversion

The firm will sell telecom tower and real estate businesses to pay off Rs 27,000 crore out of Rs 45,000 crore of debt on its book.

published on : 30th October 2017

Reliance Communications, Aircel call off mobile business merger

Legal and regulatory uncertainties, and various interventions by vested interests, have caused inordinate delays in receipt of relevant approvals after the September 2016 binding agreement.

published on : 2nd October 2017

Blow for Reliance Communications after Aircel merger called off

Blaming legal and regulatory uncertainties, RCom admitted that the merger agreements had “lapsed with mutual consent”.

published on : 2nd October 2017

RCom posts Rs 1,210-crore loss in June quarter

Telecom company Reliance Communications today posted a consolidated loss of Rs 1,210 crore in the three-month period ended June 30, 2017, the third straight quarter loss for the debt-laden firm.

published on : 12th August 2017