Reliance Communications
SC orders status quo on RCom's assets sale to Jio
22 Mar 2018
The Supreme Court today refused a plea by RCom and SBI to lift the stay on the sale of assets by the Mumbai High Court on 8 March 2018, till it hears the case
RCom moves HC against tribunal order barring asset sale
08 Mar 2018
Reliance Communications Ltd has moved the Bombay High Court challenging an arbitration panel’s interim order restraining the company from selling or transferring any assets, which has blocked its deal with Reliance Jio
Tribunal order bars RCom from selling telecom assets to Jio
07 Mar 2018
Reliance Communications had arranged to sell its wireless assets to Reliance Jio Infocomm in a deal worth Rs24,000 crore as part of its efforts to reduce debt
Chinese bank withdraws case against RCom; Ericsson battles on
06 Jan 2018
Senior counsel Darius Khambatta, who represented China Development Bank and Ericssson, sought withdrawal of CDB’s case rather than dismissal to ensure that the Chinese lender can approach the court at a later date in case the asset monetization plan does not succeed
Mukesh Ambani acquires RCom’s wireless assets to bail out brother Anil
29 Dec 2017
Reliance Jio will acquire 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands, over 43,000 towers, 1,78,000 kilometres of fibre and 248 media convergence nodes in the deal
Anil Ambani announces new debt resolution plan for RCom
27 Dec 2017
Without any loan write-off, under the new strategic debt resolution plan, RCom will be repaying up to Rs17,000 crore loans out of proceeds from monetisation of spectrum, tower and fibre assets
China Development Bank moves NCLT against “insolvent” RCom
28 Nov 2017
China Development Bank’s move will force domestic lenders also to set up a committee of creditors and work with insolvency resolution professional to come up with a revival plan
RCom to end voice calls from 1 Dec; Trai asks carrier to allow porting till end-Dec
04 Nov 2017
With the Anil Ambani-led Reliance Communications stopping all 2G and 3G voice call services in 17 telecom circles in the country from 1 December, Trai wants to smoothen the process for subscribers porting out to other service providers
RCom’s new debt repayment plan gives banks 51% shareholding
31 Oct 2017
Under the Reserve Bank mandated restructuring plan, RCom will be left with 49 per cent equity and Rs6,000 crore of debt while the promoters’ stake will come down to 26 per cent
As RCom starts switching off, Airtel, Vodafone vie for its clients
28 Oct 2017
Established telecom operators Bharti Airtel and Vodafone India are making efforts to bring subscribers of Anil Ambani-led Reliance Communications who will soon be without a network following RCom’s decision to shut down major parts of its wireless business and focus on 4G services
RCom exiting 2G, 3G services, to focus on 4G
26 Oct 2017
Shortly after its plans to shut down direct-to-home TV business, Anil Ambani's Reliance Communications now plans to exit its 2G and 3G services that comprise around 75 per cent of its user base, in a bid to turn the heavily indebted business around
RCom calls off merger with Aircel as plan hits 'regulatory' wall
03 Oct 2017
The merger was expected to bring down RCom’s total debt to around Rs20,000 crore and that of Aircel to around Rs4,000 crore
Anil Ambani to forgo RCom salary, commission
14 Jun 2017
Rcom and Aircel to merge as Aircom
05 Jun 2017
RCom gets 7-month’s time to service Rs45,000-cr debt
03 Jun 2017
RCom had earlier announced plans to merge its wireless operations with that of Aircel and sell its tower business to Brookfield Asset Management to immediately reduce debt from Rs45,000 crore to about Rs20,000 crore
Debt-laden Reliance Com seeking to sell its office space
30 May 2017
Reliance Communications has approached lenders and bond holders to defer loan repayments till at least 30 September so that it can finalize two deals in the pipeline
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