Reliance Communications

Reliance Communications News

Anil Ambani appears before SC in connection with Ericsson case against RCom over Rs 550 crore dues

RCom had moved the Supreme Court on January 4 for initiation of contempt proceedings against RCom after the company failed to comply with a SC order to clear its due by December 15, 2018.

Anil Ambani's Reliance Communications to opt for insolvency

In September last year, Ambani had announced that the cash-strapped Reliance Communications will be completely exiting the telecom business to concentrate on real estate in future.


Resolve issues over past dues by January 11: Supreme Court asks RCom, RJio

Supreme Court seeks response from RCom Chairman Anil Ambani on a plea by Ericsson seeking contempt proceedings against him for failing to clear dues.

Reliance Communications reinstates bank guarantees worth Rs 774 crore with telecom department

RCom has entered into an agreement with Reliance Jio to sell spectrum and other telecom assets for an estimated about Rs 17,000 crore and clear its debt partially.

Reliance Communications moves TDSAT against DoT notice

On July 3, the TDSAT asked the DoT to return additional bank guarantee of Rs 2,000 crore to RCom.

NCLAT directs Reliance Communications to pay Rs 550 crore to Ericsson, stays insolvency process

RCom lenders had also opposed the NCLT order as they see in Jio best option to recover their dues. RCom had reached a settlement with HSBC Daisy Investments — a minority shareholder in Reliance Infratel.


SC orders status quo in RCom's asset sale to R-Jio

RCom owes Indian lenders Rs 42,000 crore. The top court will hear pleas from the consortium of banks and RCom against stay of assets sale by HC on April 5.

Reliance Communications announces debt revival plan, ropes in new investor

Anil Ambani said that the company will exit the strategic debt restructuring (SDR) framework of the Reserve Bank of India (RBI) with a zero write-off to lenders and bankers.

TRAI asks Reliance Communications to give details on subscribers, unspent balance

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.

Reliance Communications to shut voice calls from Dec 1, subscribers can port 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.