Latest News on Rcom
Showing of 0 - 10 from 205 results
Rcom - Total results - 205
Sep 20, 2018
Debt-ridden Reliance Communications' shareholders approve Rs 50,000 crore cap on borrowing limitRCom owes over Rs 40,000 crore to a group of 38 lenders, including Chinese banks, and was resolving the debt through a strategic debt restructuring (SDR) process.
Sep 18, 2018
Reliance Communications to exit telecom business fully, to focus on realty in future: Anil AmbaniAnil Ambani said there has been a "creative destruction" of the telecom sector that has resulted in the creation of oligopoly which is going towards a duopoly and may be even a monopoly in the future
Sep 14, 2018
Moody's warns of downgrading Anil Ambani-led RCom's international cable arm GCXThe Bermuda-incorporated GCX is a wholly-owned subsidiary of RCom through an intermediary holding company Global Cloud Xchange, which is 100 percent owned by Rcom, and owns five subsea cables of over 68,000 kms with 46 landing stations across 27 countries.
Aug 30, 2018
Awaiting banks' reply on Reliance Naval resolution plan, vast majority of lenders supportive, says Anil AmbaniIn its 12 February circular, the RBI had given banks 180 days starting 1 March, to come out with a resolution plan for stressed companies with exposure over Rs 2,000 crore and above.
Aug 24, 2018
RCom says holders of $300 mn bonds to be repaid via cash, bonds of Global Cloud XchangeReliance Communications (RCom) on Friday said it will repay holders of $300 million bonds through a combination of cash and bonds of its overseas firm
Aug 23, 2018
Anil Ambani-led RCom concludes sale of 'media convergence nodes' to Reliance Jio for Rs 2,000 crLast year, Anil Ambani-owned Reliance Communications signed a pact with Reliance Jio for sale of wireless spectrum, tower, fiber and MCN assets - the proceeds of which were to be used to reduce debt.
Aug 14, 2018
Reliance Communications reinstates bank guarantees worth Rs 774 cr with DoT; says asset sale on trackRCom had recently got a breather from the telecom tribunal, TDSAT, on the licence and spectrum cancellation show-cause notice served by the DoT.
Aug 07, 2018
RCom announces tender and exchange offer for $300 million bond holders due 2020; proposes to buy notes at a discountRCom has also offered an option to exchange any or all existing notes due 2020 at a discount for $45 million zero-coupon notes due 2023.
Aug 06, 2018
RCom expects to complete Rs 25,000-cr assets sale by August-end; to pay Ericsson Rs 550 crRCom has entered into an agreement with Mukesh Ambani-led Reliance Jio and asset management firm Brookfield to sell telecom business assets.
Jul 24, 2018
TDSAT asks DoT not to act on RCom show-cause notice over spectrum cancellation till 10 AugRCom is under debt resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC) and has not been paying any dues till the completion of the process.