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Latest Articles in rcom

RCom Shares Hit Upper Circuit For 6th Time; Gain Over 42% In 9 Sessions

Along with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have submitted their bids.

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RCOM Lenders Reject Anil Ambani's Resignation

Apart from Ambani, Ryna Karani, Chhaya Virani, Manjari Kacker, Suresh Rangachar had also resigned from their posts in RCOM.

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Airtel Submit Bids For Rcom Spectrum; Jio Seeks Deadline Extension By 10 Days

RCom committee of creditors is scheduled to meet on November 13, 2019, to take a call on the bids opening.

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RCom CEO Steps Down To Focus On US Unit's Bankruptcy Process

Anil Ambani-led RCom filed for bankruptcy in India earlier this year as lack of regulatory approval for asset sales.

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RCom To Exit Telecom Completely To Focus On Real Estate: Anil Ambani

The first priority for RCom is to resolve its over Rs 40,000 crore debt, Ambani told shareholders at the company's 14th annual general meeting

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Reliance Communications Sells Rs 2,000 Cr Worth Assets To Reliance Jio

RCom in May expected to sell assets worth 181 billion rupees to Reliance Jio and Canada’s Brookfield

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Supreme Court Defers Asset Sale Permission To RCom

State Bank of India, one of RCom's biggest creditors had filed a petition to the Supreme Court to allow the sale to go through even as Ericsson's case remains at the arbitration tribunal.

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RCom's Shares Slide After Reports Of CDB Insolvency Case Against It

RCom had said in a statement after market hours on Monday that it had not yet been served with any notice of the application from CDB

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RCom Shareholders Approve Merger With Aircel

RCom, in September last year, had announced it will merge its wireless telecom business with smaller rival Aircel to create the country's fourth-biggest mobile phone operator

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Reliance Global Launches International Calling App

The service is available to all mobile phone and landline users of the country including prepaid and post-paid subscribers on the networks of Reliance, Airtel, Vodafone, Idea, Tata, Aircel and MTS

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Reliance Communications Expects To Seal Mobile Tower Deal In 2 Weeks

The asset sale is part of RCom's efforts to pare some of its Rs 40,479 crore as of end-December in debt on its books, as India's fourth-biggest wireless mobile phone carrier looks at deploying cash towards improving its network

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Reliance Communications Q3 Profit Falls On Lower Margins

For its fiscal third quarter ended December 31, the company reported a net profit of Rs 171 crore against Rs 201 crore a year earlier

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RCom To Sell Tower Assets To TPG, Tillman To Trim Debt

Financial analysts and industry watchers estimate the deal size could be close to Rs 22,000 crore for the tower and a few thousand crores more for other assets

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