Reliance Communications
RCom’s new debt repayment plan gives banks 51% shareholding
31 Oct 2017
Under the Reserve Bank mandated restructuring plan, RCom will be left with 49 per cent equity and Rs6,000 crore of debt while the promoters’ stake will come down to 26 per cent
As RCom starts switching off, Airtel, Vodafone vie for its clients
28 Oct 2017
Established telecom operators Bharti Airtel and Vodafone India are making efforts to bring subscribers of Anil Ambani-led Reliance Communications who will soon be without a network following RCom’s decision to shut down major parts of its wireless business and focus on 4G services
RCom exiting 2G, 3G services, to focus on 4G
26 Oct 2017
Shortly after its plans to shut down direct-to-home TV business, Anil Ambani's Reliance Communications now plans to exit its 2G and 3G services that comprise around 75 per cent of its user base, in a bid to turn the heavily indebted business around
RCom calls off merger with Aircel as plan hits 'regulatory' wall
03 Oct 2017
The merger was expected to bring down RCom’s total debt to around Rs20,000 crore and that of Aircel to around Rs4,000 crore
Anil Ambani to forgo RCom salary, commission
14 Jun 2017
Rcom and Aircel to merge as Aircom
05 Jun 2017
RCom gets 7-month’s time to service Rs45,000-cr debt
03 Jun 2017
RCom had earlier announced plans to merge its wireless operations with that of Aircel and sell its tower business to Brookfield Asset Management to immediately reduce debt from Rs45,000 crore to about Rs20,000 crore
Debt-laden Reliance Com seeking to sell its office space
30 May 2017
Reliance Communications has approached lenders and bond holders to defer loan repayments till at least 30 September so that it can finalize two deals in the pipeline
