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Latest Articles in reliance communication

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' 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's Loss, Missed Payments Send Shares Plunging To Record Low

With a net of debt of 443 billion rupees as of end-March, RCom is the most leveraged among listed Indian telecom companies

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RCom Hit Hard By Jio; Posts Rs 1,210 Crore Loss In Q1

This is the third straight quarter loss for the debt-ladden firm, besides, it has not been able to recover from the pressure of aggressive tariff war triggered after the entry of the Mukesh Ambani-led Reliance Jio Infocomm

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Mukesh Ambani Unveils Jio Phone At 'Effective Price Zero'

India's wealthiest man Mukesh Ambani on Friday announced the launch of Jio "intelligent" phone, offering life-long free voice calls bundled with 4G data streaming at an "effective price of zero"

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RCom Bond Sell-Off Gathers Pace After Moody's Rating Cut

A sell-off in Reliance Communications Ltd's bonds accelerated on Wednesday after rating agency Moody's cut its rating on the company deeper into junk territory, underscoring the extent of its debt woes.

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Reliance Communications Shares Hit Record Low On Fourth-quarter loss, Debt Woes

Shares in mobile carrier Reliance Communications fell as much as 20 per cent to an all-time low, after it reported a $150 million fourth-quarter loss and worries about its heavy debt load resurfaced

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Tata Teleservices Fires 600 Employees

In another jolt to the employment sector, Tata Teleservices has sacked around 600 employees citing stress on the telecom sector as the reason. Sales and other departments accounted for the maximum layoff

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Debt-ridden RCom Begins Asset Monetisation, Sells 150 Flats For Rs 330 Crore

Industrialist Anil Ambani-led Reliance Communications has sold nearly 150 residential flats at its Sea Woods complex in Navi Mumbai, marking the monetisation of its surplus real estate, for about Rs 330 crore

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