Reliance Communications | The Asian Age

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Reliance Communications on Monday said its lenders will convert part of their debt to equity to gain 51 per cent control of the company. (Photo: PTI)

RCom debt repayment plan: Lenders to have 51 per cent stake in company

RCom said it has made a comprehensive 'debt resolution plan to its domestic and foreign lenders'.

30 Oct 2017 8:43 PM

Reliance Communications Ltd unveiled on Monday a new debt repayment plan, which included a pledge to raise up to Rs 170 billion ($2.62 billion) through the sale of assets such as mobile towers. (Photo: PTI)

Reliance Communications presents new debt repayment plan

RCom, controlled by billionaire Anil Ambani, will retain debt of Rs 60 billion after the completion of the new repayment plan.

30 Oct 2017 7:59 PM

On NSE, the stock lost 4.86 per cent to hit a one-year low of Rs 15.65. (Photo: File)

RCom shares continue to fall; down nearly 5 per cent

RCom has decided to adopt a 4G-focused strategy for profitable growth of its wireless business.

26 Oct 2017 12:38 PM

RCom to shut down 2G mobile business by November

The company’s more than 40 million customers will have to upgrade to 4G or migrate to other operators, the sources said.

26 Oct 2017 4:51 AM

Reliance Communications (RCom) is reportedly going to shut down major parts of its wireless operations in the next one month, citing “creative destruction” by Reliance Jio. (Photo: PTI)

RCom may shut wireless biz in 1 month due to 'creative destruction' by Jio

Reliance Jio has been offering voice calls practically free of cost and data packs at rock-bottom prices.

25 Oct 2017 11:58 AM

Reliance Communication's decision to scrap the merger with Aircel is credit negative for the Anil Ambani-led firm. Photo: PTI

RCom aborting merger with Aircel is credit negative for Anil Ambani's firm: Moody's

RCom and Aircel had in September, 2016 signed a binding agreement to merge their mobile businesses.

05 Oct 2017 2:05 PM

Original deal envisaged Brookfield picking up a 51 per cent stake in RCom's tower business, and carried a deal value of Rs 11,000 crore. (Photo: File)

RCom files application for withdrawal of tower biz demerger

The renegotiated deal will be filed afresh with the NCLT in a new demerger petition.

05 Oct 2017 9:37 AM

Shares of Reliance Communications (RCom) on Tuesday slumped over 9 per cent in morning trade after the collapse of its Aircel merger deal. Photo: PTI

RCom shares slump over 9 per cent after Aircel deal hits dead end

RCom and Aircel had signed binding agreements in September 2016 for the merger of mobile business.

03 Oct 2017 12:02 PM

Reliance Communications Ltd's decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

Debt-reeling RCom to get lower value in Brooklyn deal post collapse of Aircel merger

Reliance Communications Limited is currently saddled with a debt of USD 6.8 billion.

03 Oct 2017 10:58 AM

Reliance Communications Ltd (RCom) on Monday announced expansion of its board and elevated President of Telecom Business Punit Garg as Executive Director and Chief Financial Officer (CFO) Manikantan V as Director.

RCom brings Garg, Manikantan on its board

The company expanded its board by inducting senior executives as additional directors, according to the filing.

02 Oct 2017 1:57 PM

Reliance Communications calls off merger talks

Cites legal and regulatory hurdles as reasons to pull out of the deal.

02 Oct 2017 2:19 AM

RCom was expecting a significant debt reduction post completion of merger with Aircel. (Photo: File)

Reliance Communications, Aircel terminate mobile business merger deal

Both the telcos had signed binding agreements in September 2016 for the merger of RCom's mobile businesses with Aircel.

01 Oct 2017 9:05 PM

RCom shares, bonds weaken after Ericsson's insolvency petition

RCom nationwide network is seeking a total of 11.55 billion rupees from company and two of its subsidiaries.

14 Sep 2017 1:05 PM

Reliance Communications Chairman Anil Ambani.

RCom posts 1,210-crore loss in Q1, reels under Jio's tariff war

The company had registered a profit of Rs 90 crore in the same period in 2016.

12 Aug 2017 8:24 PM

RCom plans to issue shares to lenders in lieu of debt

RCom board will also consider update on the ongoing strategic debt restructuring scheme of company.

10 Aug 2017 9:26 AM

Telecom operators failed to meet customer satisfaction benchmark, as per a survey conducted by the sector regulator Trai.

TRAI says telcos failed to meet consumer satisfaction level

For overall telecom service, Tata scored highest in Delhi and Reliance Jio in MP and Karnataka.

08 Aug 2017 8:52 PM

Interest due on short paid revenue share for the period up to March 2016 was Rs 4,531.62 crore.

Six telcos underreported revenue by Rs 61,064.5 cr: CAG

CAG report further pointed to a consequent short payment of revenue share to the Government of India to the tune of Rs 7,697.62 crore.

21 Jul 2017 4:19 PM

Reliance Jio's new 4G VoLTE phone will storm the market with its super low price. (Representational Image)

Jio's new 4G VoLTE phone may disrupt telecom market

Reliance Jio's new feature phone, powered by VoLTE may be priced as low as Rs 500 and may cause disruptions in market.

05 Jul 2017 11:43 AM

Govt, TRAI discuss Rs 4.6 lakh cr debt ailing telcos

Incumbent operators allege newcomer Reliance Jio has put severe pressure on their revenues.

24 Jun 2017 9:57 AM

RCom jumps over 6 pc on monetisation of realty assets

The stock, after a positive opening, gained 5.82 per cent to Rs 20.90 on the BSE.

22 Jun 2017 12:32 PM

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Shobhaa De