 "Ericsson was opposed to RCom's move of undergoing insolvency proceedings as it would then have to let go of the money it had received")
1) Anil Agarwal, Mukesh Ambani join suitors' list for acquiring RCom assets
Twin Star Technologies, a company promoted by Anil Agarwal’s Sterlite group, and Mukesh Ambani-owned Reliance Jio have expressed their interest in acquiring assets of Reliance Communications (RCom), currently undergoing insolvency proceedings at the National Company Law Tribunal (NCLT) for loan default. The billionaire duo will compete alongside other telecom majors such as Bharti Airtel and Vodafone Idea for the assets.
Apart from RCom’s rivals, expressions of interest (EoIs) have been submitted by TPG Asia, Assets Care and Reconstruction Enterprise, American Tower’s Indian subsidiary ATC Telecom Infrastructure, India Opportunities
