Reliance Telecom

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Reliance Telecom - Total results - 40
RCom insolvency: Lenders approve Rs 23,000 cr resolution plan; Chinese banks to get major share
Business

RCom insolvency: Lenders approve Rs 23,000 cr resolution plan; Chinese banks to get major share

With lenders approving a Rs 23,000 crore resolution plan for Reliance Communication, as much as Rs 5,500 crore will flow to Chinese banks, clearing about 55 percent of their principal dues, including of those lenders to whom firm's promoter Anil Ambani had allegedly given a personal guarantee

RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report
Business

RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report

Under the plan, 38 lenders of RCom can recover over 70 percent of their outstanding of Rs 33,000 crore secured debt

RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%
Business

RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%

RCom's secured debt is estimated to be around Rs 33,000 crore. Lenders submitted claims of around Rs 49,000 crore in August.

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr
Business

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr

Reliance Jio has placed Rs 4,700-crore bids for mobile tower and fibre assets of Reliance Infratel Ltd (RITL), a subsidiary of RCom

Anil Ambani's RCom's bankruptcy begins as NCLT allows firm to exclude 357 days spent in litigation; next hearing on 30 May
Business

Anil Ambani's RCom's bankruptcy begins as NCLT allows firm to exclude 357 days spent in litigation; next hearing on 30 May

At the last hearing, RCom had sought 357 days (from 30 May, 2018 to 30 April, 2019) exclusion in the insolvency process citing the stays it had on the process by the NCLAT and the Supreme Court.

NCLAT to decide over insolvency plea of debt-ridden RCom; tribunal to consider DoT's reply on 30 April
Business

NCLAT to decide over insolvency plea of debt-ridden RCom; tribunal to consider DoT's reply on 30 April

Earlier on 4 February, the tribunal had said that until further orders of the NCLAT or the Supreme Court, no one can sell, alienate, or create third-party rights over RCom's assets.

IDBI Bank to sell several large loans to lenders, financial institutions in a bid to clean up its books faster
Business

IDBI Bank to sell several large loans to lenders, financial institutions in a bid to clean up its books faster

IDBI Bank is planning to sell bad loans to banks, financial institutions or asset restructuring companies in order to steps up efforts to recover dues from loan offenders

Reliance Communications seeks lenders' nod for release of Rs 260 cr in bank account to Ericsson
Business

Reliance Communications seeks lenders' nod for release of Rs 260 cr in bank account to Ericsson

Reliance Communications said it is confident of raising the remaining about Rs 200 crore for payment to Ericsson

A day after Supreme Court verdict against Anil Ambani, RCom asks lenders to release Rs 260 cr directly to Ericsson
Business

A day after Supreme Court verdict against Anil Ambani, RCom asks lenders to release Rs 260 cr directly to Ericsson

Observing there was a 'willful default', the Supreme Court ordered RCom to clear the Rs 453 crore dues to Swedish telecom equipment maker Ericsson within four weeks or face a 3-month jail term.

Ericsson-RCom case: Supreme Court holds Anil Ambani guilty of contempt, asks him to pay dues of Rs 453 cr in 4 weeks
Business

Ericsson-RCom case: Supreme Court holds Anil Ambani guilty of contempt, asks him to pay dues of Rs 453 cr in 4 weeks

The RCom chairman and others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks, the Supreme Court said.

RCom chairman Anil Ambani reaches Supreme Court in contempt petition filed by Ericsson India
Business

RCom chairman Anil Ambani reaches Supreme Court in contempt petition filed by Ericsson India

The Supreme Court of India had issued notice to Anil Ambani and others on a contempt petition filed by Ericsson India over non-payment of its dues.

SBI to DoT: Cancellation of RCom's spectrum to 'jeopardise' lenders' ability to recover dues
Business

SBI to DoT: Cancellation of RCom's spectrum to 'jeopardise' lenders' ability to recover dues

RCom 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.

Supreme Court orders status quo on sale of assets by R-Com to Reliance Jio, posts final hearing on 5 April
Business

Supreme Court orders status quo on sale of assets by R-Com to Reliance Jio, posts final hearing on 5 April

The SC directed maintenance of status quo on sale of assets of Anil Ambani-led Reliance Communication to Reliance Jio on a plea of a banks' consortium

Unitech, D B Realty rally up to 20% as Raja, Balwa and others acquitted in 2G spectrum case
Business

Unitech, D B Realty rally up to 20% as Raja, Balwa and others acquitted in 2G spectrum case

After the 2g spectrum case verdict, Unitech surged 19.91 percent, D B Realty 19.89 percent, RCom 13.49 percent and Sun TV Network 5.98 percent on BSE.

Ericsson files insolvency case against Reliance Communications in NCLT over Rs 1,155 cr dues
Business

Ericsson files insolvency case against Reliance Communications in NCLT over Rs 1,155 cr dues

Ericsson is aiming to recover 4.91 billion rupees from Reliance Communications, 5.35 billion from Reliance Infratel and 1.29 billion rupees from Reliance Telecom

RCOM, Jio get government nod for spectrum sharing
News & Analysis

RCOM, Jio get government nod for spectrum sharing

The Department of Telecom approved spectrum sharing between Reliance Communications (RCOM) and Reliance Jio in nine circles, a regulatory filing said on Friday.

Spectrum auction ends, makes exchequer richer by about Rs 1.10 lakh cr
Business

Spectrum auction ends, makes exchequer richer by about Rs 1.10 lakh cr

A total of 380.75 MHz of spectrum was put on sale in the premium 900 MHz band, 1,800 MHz and 800 MHz, while 5 MHz was up for bidding in the 2,100 MHz band, used for 3G mobile services, across 17 out of 22 telecom.

Sepectrum auction: Bids for 2G and 3G airwaves cross Rs 1 lakh cr mark
Business

Sepectrum auction: Bids for 2G and 3G airwaves cross Rs 1 lakh cr mark

Government's proceeds from the spectrum auction on Friday crossed Rs 1 lakh crore mark as aggressive bidding took place across all bands on the eighth day of the biggest sale of 2G and 3G airwaves.

Spectrum auction garners bids worth Rs 94,000 crore
Business

Spectrum auction garners bids worth Rs 94,000 crore

The government has garnered Rs 94,000 crore worth of bids from telecom players at the end of five days of spectrum auction today.

Second day of spectrum auction ends; bids grow to Rs 65,000 cr
Business

Second day of spectrum auction ends; bids grow to Rs 65,000 cr

A total of 380.75 MHz of spectrum is on offer in the premium 900 MHz band, 1,800 MHz and 800 MHz while 5 MHz is up for bidding in the 2,100 MHz band across 17 out of 22 telecom areas or circles in the country.