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RCom-Aircel merger

Despite getting debt payment relief, Moody's keep "negative" outlook for RCom

Despite getting debt payment relief, Moody's keep "negative" outlook for RCom

Tue, Jun 06, 2017

On June 2, Anil Ambani led RCom, addressing a press conference, said that the company presented its debt payment plan to its lenders who approved it given the company time till December 2017 to pay the loans due.

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RCom shares fall further at nearly 8% in early trade on concerns about loan repayments

RCom shares fall further at nearly 8% in early trade on concerns about loan repayments

Tue, May 30, 2017

The shares of Anil Ambani-owned telecom company Reliance Communications (RCom) fell further by nearly 8% in the early morning trade on Tuesday on back of investor concerns over the company's ability to repay its loans. 

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RCom shares hit record low in early trade on Q4 loss, debt woes

RCom shares hit record low in early trade on Q4 loss, debt woes

Mon, May 29, 2017

Two days after reporting loss in the fourth quarter (Q4) results, Anil Ambani owned telecom company Reliance Communications (RCom) shares decline as much as 20% to an all-time low in early trade on Monday.

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RCom reports loss of Rs 948 crore in Q4 on disruptive pricing, competition

RCom reports loss of Rs 948 crore in Q4 on disruptive pricing, competition

Sun, May 28, 2017

Anil Ambani owned telecom company RCom has reported a loss of Rs 948 crore for the fourth quarter (Q4) ended on March 31, 2017 on back of intense price war in the telecom sector due to the entry of Reliance Jio which has hurt the profitability and income of the company.

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Merger and acquisition deals in India highest since 2010

Merger and acquisition deals in India highest since 2010

Tue, Oct 11, 2016

Prior to this M&A in terms of deal value reached its highest in 2010 were it stood at $57.1 billion and was driven by industry consolidations and restructurings. 

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Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani

Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani

Tue, Sep 27, 2016

"We have all the spectrum we need for 2G, 3G and 4G services plus spectrum trading and sharing agreements with Reliance Jio," he said. "We have accomplished a virtual merger between Reliance Communications and Reliance Jio."

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Can RCom and Aircel disrupt India's telecom market?

Can RCom and Aircel disrupt India's telecom market?

Fri, Sep 16, 2016

Tanu Sharma, Associate Director of India Ratings said, "The merger of the wireless business of RCom with Aircel is a key milestone in the ongoing consolidation in the telecom sector."

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Moody's places RCom's Ba3 rating under review for downgrade

Moody's places RCom's Ba3 rating under review for downgrade

Thu, Sep 15, 2016

Moody's placed under "review for downgrade" the credit rating of Reliance Communications (RCom) on Thursday, a day after RCom's announcement to merge its wireless telecom business with smaller rival Aircel.

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