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Companies & Markets Sector Reports Telecom Services

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

Reliance Communications Gets Bondholders' Nod For Asset Sale

RCom also got approval for the partial release of noteholder collateral to help the sale get underway, the company said, adding the proceeds would be used for partial redemption of notes

CCI Clears RCom's Plans To Sell Infra Assets To Jio

The deal packs in 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands, over 43,000 towers, 1,78,000 kilometres of fibre and 248 media convergence nodes

Reliance Communications Shareholders Approve Asset Sale Plan

RCom said its debt and liabilities would reduce by about 250 billion rupees ($3.91 billion) via debt prepayment and transfer of its wireless assets to Jio, expected to close in March

Slowly Slipping Down

Manali

At 25th position, Anil Ambani’s wealth is shrinking and his businesses are declining

Reliance Group Stocks Further Gains; RCom Halts Rally

Reliance Naval and Engineering stock jumped 32.28 per cent, followed by Reliance Power 20.70 per cent and Reliance Home Finance 9.11 per cent on the BSE

RCom Outlines New Debt Reduction Plan With No Write-Offs

RCom, as the company is widely known, would have debt of below 60 billion rupees after the asset sales, which are expected to close between January and March 2018, Ambani

Reliance Communications Says Majority Of Creditor Banks To Oppose CDB Insolvency Petition

Top Indian lender State Bank of India, which is one of the main local lenders to the company, was not immediately available for a comment

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

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

Reliance Communications Shares Jump After New Debt Repayment Plan

Companies & Markets Sector Reports Telecom Services

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

Rcom Shares Drop 7.8% To Record Low After Aircel Merger Deal Collapses

Companies & Markets Markets Stock Market

Shares in RCom were trading at Rs 17.90, down 6.77 percent, at 0400 GMT, after dropping to a low of Rs 17.70

Reliance Communications Plans To Issue Shares To Lenders In Lieu Of Debt

Companies & Markets Sector Reports Telecom Services

The board of RCom is scheduled to meet on August 12 which will consider convening annual general meeting of shareholders to enable the firm seek their nod for converting debt into equity shares

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