Page 7 - Reliance Communications

RCom to exit telecom fully, focus on realty, resolving debt: Anil Ambani

Anil Ambani also thanked his elder brother Mukesh Ambani, who is credited with conceptualising the undivided group's telecom foray

RCom completes sale of fibre assets to Reliance Jio for Rs 30 billion

Last year, Anil Ambani-owned Reliance Communications signed a pact with Reliance Jio for sale of wireless spectrum, tower, fibre and MCN assets

Reliance Communications gets relief from bondholders as deadline looms

RCom is also in the midst of completing its sale of airwaves, towers and fiber to a rival controlled by Ambani's older brother

RCom reinstates Rs 7.74-bn bank guarantees with DoT; asset sale on track

RCom is currently under the debt resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC)

RCom bonds drop to 7-month low after offer to repay holders at a discount

RCom bonds due 2020 decline to lowest since December

RCom gets SC nod to sell assets to Jio, agrees to pay Rs 5.5 bn to Ericsson

Reliance Communications Ltd (RCom) said on Monday it had received approval from the Supreme Court to proceed with the sale of its wireless assets to Reliance Jio

SC allows RCom to sell telecom assets worth Rs 181 billion to Reliance Jio

Firm to use the proceeds of sale to repay loans

Reliance Communications alleges discrimination by govt on spectrum charge

In 2015, RCom said, DoT had raised a demand for OTSC when it liberalised the administratively allocated spectrum

Headcount at RCom down 94% to 3,400 from peak of 52,000 in 2008-12

RCom, which is reeling under debt of around Rs 450 billion, had closed its mobile services business in January this year and continues to provide business-to-business (B2B) telecom services

RCom: Reliance Infratel, minority investors reach amicable settlement

The settlement will enable asset monetisation of Rs 80 billion as soon as the company exits the debt resolution process under NCLT

RCom gains as company files appeal before NCLAT against NCLT order

The stock moved higher by upto 19% to Rs 15.95 in noon deal, bouncing back 24% from its early morning low on the BSE.

RCom surges 57% today on buzz of settlement talks with Ericsson

The stock surged 56.9% to Rs 16.55 on the BSE on Thursday after the media report suggested that RCom and Ericsson inform NCLT in Mumbai that they are in settlement talks.

RCom's insolvency jeopardises $3.7 bn deal; shares and bonds tumble

Shares of RCom, as the company is known, dropped as much as 9.7 percent on Wednesday in Mumbai, while its 2020 dollar bonds plummeted the most in more than seven months

CCI approves acquisition of RCom infrastructure assets by Reliance Jio

While neither Jio nor RCom had divulged the size of the deal, sources have pegged the transaction value at Rs 180 billion

Shareholders okay RCom asset monetisation plan for servicing Rs 450-bn debt

The loss-making firm has stopped voice call services and is continuing operations of its business-to-business division

Trai slams RCom for 'usurping' balances of customers after shutting ops

Trai seeks to initiate suitable punitive action if RCom fails to comply with its directives

Reliance Communications seeks shareholders' nod ahead of asset monetisation

The total outstanding loans of RCom Group, as on September 30, 2017 were about Rs 400 52 billion

Trai directs Reliance Communications to refund unspent money of customers

The loss-making and debt-ridden RCom closed mobile calling service on its network from December 1 in about half of the country and rest from December 29

RCom lenders' meet today, stock up 32%

Reliance Jio has been one of the key bidders and has shown interest in both fibre (they are one of the main bulk users) as well as spectrum

RCom surges 45% after NCLT adjourns hearing of insolvency petition

Other ADAG stocks including Reliance Capital (up 6%), Reliance Power (up 6%) and Reliance Infrastructure (up 5%) also gained on the news