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Tuesday, September 22, 2020

RCom

RCOM NEWS

If spectrum sale not allowed, RCom will be go into liquidation, CoC tells SC

August 19, 2020 10:16 pm

Salve, during nearly two-hour hearing, told the bench that there is no question of sale of spectrum without the nod of DoT and even the resolution applicant says the plan involves sale of right to use spectrum, only subject to DoT approval.

AGR case: SC seeks details of spectrum sharing agreement between RCom & Reliance Jio

August 14, 2020 7:52 pm

Spectrum is a government property, not private, and anyone using it is liable to pay the dues, the apex court said.

SC rejects Centre's plea challenging refund of Rs 104 crore ordered by TDSAT to RCom

January 07, 2020 11:40 am

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) had on December 21, 2018, directed the Centre to return around Rs 104 crore after encashing bank guarantee of Rs 908 crore against spectrum charges of Rs 774 crore.

RCom shares hit upper circuit for sixth time; gain over 42 per cent in nine sessions

November 29, 2019 4:51 pm

On the BSE, the stock settled 3.85 per cent up at 81 paise. The stock has gained over 42 per cent in nine trading sessions.

What is the contempt case against Anil Ambani's Reliance Communications?

February 20, 2019 1:52 pm

After Rcom, which has a debt of more than Rs 47,000 crore, failed to pay Ericsson, it moved an insolvency petition in the National Company Law Tribunal (NCLT).

RCom shares battered further, tank nearly 13 per cent

February 06, 2019 1:52 pm

On Monday, RCom stock ended nearly 35 percent lower and fell by another 28.5 percent the next day after the company decided to opt for insolvency proceedings.

Anil Ambani's Reliance Communications files for insolvency

February 02, 2019 7:24 am

The RCom board noted that despite the passage of over 18 months, lenders have received zero proceeds from the proposed asset monetisation plans, and the overall debt resolution process is yet to make any headway, the statement said.

RCom to exit telecom fully to focus on real estate: Anil Ambani

September 19, 2018 2:24 am

Anil Ambani also thanked his elder brother Mukesh Ambani, who is credited with conceptualising the undivided group's telecom foray and also bought the assets as part of the beleaguered RCom's monetisation efforts.

Reliance Communications appeals in Bombay HC to protect lenders' interest

March 07, 2018 3:25 pm

An arbitration tribunal in an interim order has restrained the debt-ridden company from sale, transfer or mortgaging of assets.

RCom to lay 68,000 km long submarine cable worth $600 million

January 16, 2018 4:05 pm

RCom has announced an undersea cable to run over 68,000 kms, expected to cost $600 million, that will help connect India to parts of Asia and Europe.

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