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Latest Articles in rcomm

Reliance Communications Jumps After Mukesh Ambani Bails Out Brother Anil On Ericsson Dues

Telecom equipment maker Ericsson received Rs 4.62 billion from RCom as unpaid dues from a deal it had signed in 2014

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RCom Shares Battered Further, Tank Nearly 13%

RCom stock plummeted 10.84 per cent to Rs 4.85 on BSE, at NSE, shares crashed 12.61 per cent to Rs 4.85 apiece

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Reliance Communications Says Committed To Settle Dues With Ericsson

RCom was yet to receive approval from the telecom department to proceed with the sale of its wireless assets

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Reliance Communications' Settlement With Ericsson Over Dues Unlikely For Now

India's bankruptcy court earlier this week admitted an insolvency plea filed by Ericsson against debt-laden RCom, as the company is widely known, potentially derailing the Indian telecoms firm's plans to sell assets to larger rival Reliance Jio to cut debt

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RCom Falls Over 2% As Fitch Withdraws Ratings

The company's stock on Wednesday opened at Rs 11.10 and slumped 2.38 per cent to touch an intra-day low of Rs 11.07 on the BSE. Similar movement was seen on the NSE as well, where the stock opened at Rs 11.35, then fell 2.64 per cent to touch an intra-day low of Rs 11.05

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RComm Says In Talks With Parties Over Sale Of Tower Business

The deal with Brookfield Infrastructure Group for tower transaction was condition precedent based on the demerger of wireless division of the company with Aircel, which was called off by the company and Aircel on mutual consent on October 1, 2017

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RCom Shares In Heavy Demand; Zoom Over 16%

The stock after a positive opening further jumped 15.92 per cent to Rs 18.20 on BSE. At NSE, Anil Ambani-led Rcomm shares of the company zoomed 16.19 per cent to Rs 18.30

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Reliance Communications Shares Jump After New Debt Repayment Plan

The company, with $6.8 billion of net debt as of last March, said it will look to repay Rs 170 billion ($2.62 billion) of loans by selling assets such as mobile towers

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RCom To Focus On 4G Broadband Service - Shutdown Of Wireless Business On Cards?

Earlier this month, RCom said it would evaluate an alternative plan for the mobile business after a deal fell through to merge the unit with rival Aircel

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Five Things Telecom Companies Must Do Before Demanding A Govt Bailout

The sector wants a reprieve on spectrum payment which they claim is almost 30% of their cost

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Reliance Communications Shares, Bonds Weaken After Ericsson's Insolvency Petition

RCom reported its third quarterly loss in a row last month. It is trying to find ways to cut debt after lenders gave it a reprieve on loan repayments until the end of 2017

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RCom Jumps Over 6% On Monetisation Of Realty Assets

Shares of Reliance Communications surged over 6 per cent after the company said it has started the process to monetise its real estate assets in Delhi and Mumbai as part of efforts to pare debt

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Reliance Communications Shares Extend Losses; End Over 3% Lower

Shares of Reliance Communications fell by more than 3 per cent, continuing the downtrend on sluggish investor sentiment after Fitch and Moody's Investors Service further downgraded the company's credit ratings

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RCom Shares Rise After Debt Deal With Lenders

Shares in Reliance Communications rose as much as 4.6 per cent after the debt-laden mobile carrier said it won a seven-month reprieve on its loans from lenders

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