With a charge of Rs 18/min for voice calls to free voice calls now, and a burgeoning subscriber base, India's telecom sector has come a long way. We look at the men who made all of this possible
SBI moves NCLT to invoke Anil Ambani's guarantee almost two years after RCom was first sent to the Tribunal for recovery of dues by Indian creditors
At a time when revenues have been disrupted, these are the ones that could go belly up first
The CoC in this case comprise over 1,757 residential flat owners spread across 18 towers and 21 commercial units in Noida. No banks are creditors
The plan entails realisation of around Rs 23,000 crore from sale of RCom assets and clawback of money paid to some of the lenders.
Under the plan, 38 lenders of RCom can recover over 70 per cent of their outstanding of Rs 33,000 crore secured debt, they said.
The voting results on the various resolutions to sell RCom, Reliance Telecom and Reliance Infratel is expected to be declared on March 4
The CoC will also put to a vote asset bids received from UV Asset Reconstruction Company
The banks are expecting that they will be able to salvage much more than what they did from Aircel
The company had posted a loss of Rs 238 crore in the same period a year ago
Delhi-based UVARC has offered to pay about Rs 16,000 crore for the spectrum, real estate, and enterprise and data centre businesses of RCom and Reliance Telecom, which houses these assets
Business Standard brings you top events that are lined up for Wednesday
TDSAT had asked government to return Rs 104 crore to now-bankrupt company after encashing bank guarantee of Rs 908 crore against spectrum charges of Rs 774 crore.
The hearing in the matter took place on November 7 and the order was issued on Monday
The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a debt write down of $150 million, according to a GCX statement and filings
Sources said Reliance Jio has offered Rs 3,600 crore within 60 days to buy Reliance Infratel.
Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources
Along with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have submitted their bids.
11 offers submitted for RCom, Reliance Telecom and Reliance Infratel
Bharti Airtel also likely to reconsider its decision and bid