Page 10 - Reliance Communications
RCom's 2G exit is a step in right direction but uncertainty lingers
While RCom has done the right thing by closing down its loss-making 2G business, investors should cut their losses in the stock as the outlook remains clouded
 "RCom's 2G exit is a step in right direction but uncertainty lingers")
Reliance Communications says not making any payment to lenders now
Reliance Communications has said it plans to implement its debt resolution proposal within the standstill period
 "Reliance Communications says not making any payment to lenders now")
NCLAT issues notice to Reliance Communications over Manipal Tech 'dues'
The appellate tribunal has agreed to hear the matter on December 4
RCom post 4th straight quarterly loss; shares plunge 13.5%
The company's market valuation also fell by Rs 860.89 crore to Rs 3,024.11 crore
Reliance Communications records Q2 loss at Rs 2,709 cr, income falls 48%
This is the fourth straight quarter of loss for the company
 "Reliance Communications records Q2 loss at Rs 2,709 cr, income falls 48%")
RCom revamp plan recap: Airtel, Jio eye assets; tower deal to be reworked
Anil Ambani-led company is selling off businesses to pay off Rs 27,000 crore out of Rs 45,000 crore debt on its books
 "RCom revamp plan recap: Airtel, Jio eye assets; tower deal to be reworked")
Telcos, PE firms show interest in RCom assets
RCom has suggested its consortium of banks convert part of their loans into a 51 per cent majority equity in the truncated company
 "Telcos, PE firms show interest in RCom assets")
Veecon Media & Television: Newborn biz
The firm entered the media business in May after alterations in the objectives of its erstwhile avatar
RCom to shut voice calls from Dec 1, users can port to others till Dec 31
RCom, reeling under debt of around Rs 46,000 crore, decided to shut down its voice call services after it failed to close its wireless business merger deal with Aircel in the beginning of this month
RCom faces coupon test amid standstill, to shut voice calls from Dec 1
$300 mn of bonds on which the firm must pay semi-annual coupon on Monday mature in 2020
 "RCom faces coupon test amid standstill, to shut voice calls from Dec 1")
Anil Ambani's RCom, GCX ratings unaffected by debt restructuring: Fitch
Rcom said it has made a comprehensive 'debt resolution plan to its domestic and foreign lenders'
RCom shares fall 5% as the company plans to shut down 2G operations
After a weak opening, shares of the company further lost 4.55 per cent to Rs 15.70 - 52-week low - on BSE.
4G strategy involves spectrum sharing, intracircle roaming with Jio: RCom
RCom will be 'optimising' its 2G and 3G footprint, and related infrastructure and human resources, with effect from 30th Nov
RCom to shut down DTH business next month
RCom earlier tried to sell the company to rivals including the Sun group but later backed out citing low valuation
 "RCom to shut down DTH business next month")
Ericsson deal nears end: RCom to take back 4,000 staff
RCom will re-absorb the employees who had been sent to Ericsson, sources confirmed
Plan to demerge towers withdrawn: RCom to NCLT
Application for withdrawal of the said merger scheme has been filed with NCLT on 3rd Oct
High debt to limit RCom's ability to buyback spectrum in 2021 auction: CLSA
Telecom gear maker Ericsson has filed insolvency case against the Anil Ambani led mobile services firm
Time running out for Reliance Communications
Reliance Communications (RCom) is staring at a tough future as its multi-stage debt reduction plan has hit a hurdle. The key to reducing its ~45,000-crore debt was the alliance with Aircel, which involved the merger of their mobile businesses, and second, the tower deal. While the merger included transfer of ~14,000 crore of RCom's debt to the new entity, the tower deal would have fetched ~11,000 crore (for 51 per cent stake), collectively knocking off ~25,000 crore of debt.The merger is clearly not happening, points out RCom's press release, due to "inordinate delays caused by regulatory uncertainties, changed industry dynamics, intervention by vested interests and policy directives impacting bank financing for telecom". Ericsson India had filed an insolvency case against RCom with the National Company Law Tribunal to recover dues worth ~1,154 crore. The pressure to cut debt is more than ever before, as the deadline set by lenders to make interest and loan repayments expires by the ..
 "Time running out for Reliance Communications")
RCom calls off merger with Aircel due to legal, regulatory uncertainties
Cites legal hurdles and various interventions by vested interests as the reasons
RCom shares, bonds fall after Ericsson's insolvency petition
Ericsson is seeking a total of Rs 1,155 crore from the company and two of its subsidiaries