RCom News

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

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

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

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

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

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

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.


RCom's 2G customers can port out till January 31: TRAI

Users subscribed to RCom have been given time upto January 31 to port their numbers.

RCom deal to bring synergies for Reliance Jio's business: Morgan Stanley

Financial firm Morgan Stanley says that even though Reliance Jio's acquisition of RCom would bring ysngeries from both companies, it will also force parent RIL to inherit a 10-12 per cent debt in the next term.

Reliance Communications shares zoom nearly 32% on debt revival plan

In terms of equity volume, 695.80 lakh shares of the company were traded on BSE and over 49 crore shares changed hands at NSE during the day.

As per TRAI directions, RCom to shut voice calls from Dec 1, portability on Dec 31

Reliance Communications will shut down voice call service from December 1 and its customers can move to other networks by the end of the year, as per direction issued by telecom regulator TRAI.