Reliance Communications
Chinese bank withdraws case against RCom; Ericsson battles on
06 Jan 2018
Senior counsel Darius Khambatta, who represented China Development Bank and Ericssson, sought withdrawal of CDB’s case rather than dismissal to ensure that the Chinese lender can approach the court at a later date in case the asset monetization plan does not succeed
Mukesh Ambani acquires RCom’s wireless assets to bail out brother Anil
29 Dec 2017
Reliance Jio will acquire 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands, over 43,000 towers, 1,78,000 kilometres of fibre and 248 media convergence nodes in the deal
Anil Ambani announces new debt resolution plan for RCom
27 Dec 2017
Without any loan write-off, under the new strategic debt resolution plan, RCom will be repaying up to Rs17,000 crore loans out of proceeds from monetisation of spectrum, tower and fibre assets
China Development Bank moves NCLT against “insolvent” RCom
28 Nov 2017
China Development Bank’s move will force domestic lenders also to set up a committee of creditors and work with insolvency resolution professional to come up with a revival plan
RCom to end voice calls from 1 Dec; Trai asks carrier to allow porting till end-Dec
04 Nov 2017
With the Anil Ambani-led Reliance Communications stopping all 2G and 3G voice call services in 17 telecom circles in the country from 1 December, Trai wants to smoothen the process for subscribers porting out to other service providers
