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RCom-Aircel merger News
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.
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.
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.
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.
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.
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."
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."
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.