Page 9 - Reliance Communications

Reliance Communications alleges discrimination by govt on spectrum charge

In 2015, RCom said, DoT had raised a demand for OTSC when it liberalised the administratively allocated spectrum

Headcount at RCom down 94% to 3,400 from peak of 52,000 in 2008-12

RCom, which is reeling under debt of around Rs 450 billion, had closed its mobile services business in January this year and continues to provide business-to-business (B2B) telecom services

RCom: Reliance Infratel, minority investors reach amicable settlement

The settlement will enable asset monetisation of Rs 80 billion as soon as the company exits the debt resolution process under NCLT

RCom gains as company files appeal before NCLAT against NCLT order

The stock moved higher by upto 19% to Rs 15.95 in noon deal, bouncing back 24% from its early morning low on the BSE.

RCom surges 57% today on buzz of settlement talks with Ericsson

The stock surged 56.9% to Rs 16.55 on the BSE on Thursday after the media report suggested that RCom and Ericsson inform NCLT in Mumbai that they are in settlement talks.

RCom's insolvency jeopardises $3.7 bn deal; shares and bonds tumble

Shares of RCom, as the company is known, dropped as much as 9.7 percent on Wednesday in Mumbai, while its 2020 dollar bonds plummeted the most in more than seven months

CCI approves acquisition of RCom infrastructure assets by Reliance Jio

While neither Jio nor RCom had divulged the size of the deal, sources have pegged the transaction value at Rs 180 billion

Shareholders okay RCom asset monetisation plan for servicing Rs 450-bn debt

The loss-making firm has stopped voice call services and is continuing operations of its business-to-business division

Trai slams RCom for 'usurping' balances of customers after shutting ops

Trai seeks to initiate suitable punitive action if RCom fails to comply with its directives

Reliance Communications seeks shareholders' nod ahead of asset monetisation

The total outstanding loans of RCom Group, as on September 30, 2017 were about Rs 400 52 billion

Trai directs Reliance Communications to refund unspent money of customers

The loss-making and debt-ridden RCom closed mobile calling service on its network from December 1 in about half of the country and rest from December 29

RCom lenders' meet today, stock up 32%

Reliance Jio has been one of the key bidders and has shown interest in both fibre (they are one of the main bulk users) as well as spectrum

RCom surges 45% after NCLT adjourns hearing of insolvency petition

Other ADAG stocks including Reliance Capital (up 6%), Reliance Power (up 6%) and Reliance Infrastructure (up 5%) also gained on the news

Lenders get bids for Reliance Communications assets

Reliance Communications's assets put on the block are in telecom and real estate

RCom lenders to oppose China Development Bank's insolvency petition

CDB had earlier filed a petition opposing RCom-Aircel merger in May this year. The Chinese lender withdrew its petition later

RCom lenders will oppose CDB's insolvency action before NCLT

The lenders have named Indian law firm J. Sagar Associates as their legal counsel to oppose the CDB petition

Bondholders on par with lenders: RCom

RCom got to this point after years of ballooning borrowing and over-spending finally caught up with it

Banks call lenders' meet over RCom insolvency case buzz

China Development Bank has moved the National Corporate Law Tribunal against the telco after it defaulted on $1.78-billion loan

RCom clarifies on reports of China bank filing insolvency case; stock tanks

RCom said that the company has not been served any notice of the application filed by China Development Bank with NCLT, as reported in the media.

RCom shares jump over 14% amid reports of real estate assets sale

The stock surged 14.10 per cent to Rs 13.75 on BSE