NCLT to hear plea on RCom spectrum today

RCom currently has spectrum in the 850 MHz band in 14 out of 22 circles in the country and holds a pan-India licence.

published on : 15th July 2021

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