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Reliance Communications News
Anil Ambani led Reliance Communications clocks second-quarter profit surge due to one-time gain
Sat, Nov 03, 2018
Anil Ambani led Reliance Communications Ltd posted a sharp rise in its quarterly profit on Saturday, as it recorded a one-time gain.
Ericsson settlement deal row: RCom seeks 60 days more for payment citing pending spectrum sale
Tue, Oct 02, 2018
Reliance Communications said Tuesday it has sought another 60 days for repayment of Rs 550 crore to unsecured creditor Ericsson, as its spectrum sale could not be completed due to factors beyond its control.
Airtel, Idea, Reliance Communications shares sink by up to 12%; what's cooking in telecom?
Mon, Sep 24, 2018
The lack of faith in these operators arose after the Department of Telecommunications (DoT) sought Supreme Court's approval over spectrum dues which are worth Rs 33,000 crore.
Cancellation of Reliance Communications spectrum will 'jeopardise' dues recovery by lenders: SBI to DoT
Fri, Jul 27, 2018
State Bank of India (SBI) has approached the Telecom Department asking it to reconsider any move to cancel Reliance Communications spectrum as it would cause "irreparable harm" to lenders like itself and jeopardise their ongoing efforts to recover dues.
Trouble brews for RCom, as DoT threatens to cancel licences
Mon, Jul 23, 2018
Another trouble strikes Anil Ambani-led Reliance Communications (RCom), as the Department of Telecommunications (DoT) has asked the telecom firm to pay Rs 774 crore in bank guarantees towards upcoming spectrum payment dues or its licences will be cancelled
Reliance Communications, Fortis Healthcare among top five stocks hogging limelight today
Thu, Jul 19, 2018
Daiichi Sankyo has approached the Delhi high court to block the $1 billion sale of Fortis Healthcare to Malaysian group IHH Bhd. Daiichi has enforced an arbitration award to recover Rs 3500 crore from the promoters. Fortis Healthcare has, meanwhile, said Daiichi's statement is baseless.
Reliance Communications alleges govt bias in Idea-Vodafone merger case
Thu, Jul 12, 2018
In a letter dated July 10, 2018 to telecom secretary Aruna Sundararajan, debt-ridden telecom firm Rcom referred to conditional approval given to Idea Cellular and Vodafone India to go ahead with their merger deal without insisting on any bank guarantee (BG) against pending one-time spectrum charges (OTSC) of Vodafone, as per the sources.
Reliance Communications bleeds subscribers; from 120 mn high, user-count plunges to 35,000
Thu, Jun 14, 2018
From being a leading mobile player in the market to exiting the wireless business, the journey of Reliance Communications (RCom) shows how intense competition can kill even the strongest players.
Reliance Communications employees count falls 94% from 48,000 to just 3,400
Thu, Jun 14, 2018
Debt-ridden Reliance Communications today said the number of employees have come down by over 48,000 to the current level of 3,400 people. This is a reduction of a whopping 94 per cent from the peak level of around 52,000 employees.
Reliance Communications share price tanks 10% as it halts paying interest on NCDs
Tue, Jun 05, 2018
Reliance Communications said last month it expected to complete its Rs 18,100 crore asset sale to Reliance Jio Infocomm and Canada’s Brookfield in coming weeks, a move aimed at reducing its debt.
Reliance Communications share price up 19%; hopes ride on Reliance Jio deal now
Thu, May 31, 2018
NCLAT order clears the way for Anil Ambani-led Reliance Communications to sell its telecom towers, spectrum and fibre assets to Reliance Jio. RJio is owned by Mukesh Ambani, Anil Ambani's elder brother and the richest man in India.
Reliance Communications plans $2.68 billion asset sale to Reliance Jio, Brookfield
Wed, May 30, 2018
Anil Ambani led Reliance Communications (RCom) said on Wednesday it expects to complete its asset sale to Reliance Jio Infocomm and Canada`s Brookfield in coming weeks, after the bankruptcy appeals court halted insolvency proceedings against the debt-laden company.
Reliance Communications, Ericsson reach settlement on outstanding dues
Wed, May 30, 2018
An Indian appeals tribunal on Wednesday put on hold insolvency proceedings against Reliance Communications (RCom ), after the debt-laden Indian telecom carrier reached a settlement with Swedish telecom gear maker Ericsson.
Reliance Communications, shareholders ink amicable settlement; share price soars 18% in 2 days
Tue, May 29, 2018
Reliance Communications said its unit Reliance Infratel has informed the bankruptcy appeals court of reaching a settlement with its minority shareholders in relation to the sale of its tower and fibre assets.
Reliance Communications insolvency proceedings: RCom plea in NCLAT today plea
Tue, May 29, 2018
The National Company Law Appellate Tribunal (NCLAT) will today hear the plea of Reliance Communications (RCom) challenging National Company Law Tribunal’s (NCLT) decision to start insolvency proceedings against it on a petition filed by Swedish telecom equipment major Ericsson.
Reliance Communications share price jumps 11% ahead of insolvency plea to be heard tomorrow
Mon, May 28, 2018
Reliance Communications share price rallied over 11 per cent on Monday after the company informed bourses the NCLAT will hear tomorrow its plea which has challenged NCLT's decision to start insolvency proceedings against it on a petition by Swedish telecom equipment major Ericsson.
Reliance Communications plea against insolvency to be heard by NCLAT tomorrow
Mon, May 28, 2018
The plea of Anil Ambani-run RCom was mentioned today before the bench of the National Company Law Appellate Tribunal (NCLAT), seeking an urgent hearing on the issue. It has directed that the matter be listed for hearing tomorrow.
Beleguered Reliance Communications share price surges 7%; here is why
Tue, May 22, 2018
Reliance Communications share price rallied over 7 per cent on Monday following news report that RCom and its subsidiaries have filed pleas in the appellate tribunal to set aside the National Company Law Tribunal’s decision to start insolvency proceedings against them on a petition filed by Erics
Reliance Communications share price rockets 96% in 48 hours
Fri, May 18, 2018
BSE on Thursday sought clarification from RCom with reference to news that RCom, Ericsson have informed NCLT that they are in settlement talks. The company replied saying it "cannot comment on changes in volume and price in the stock markets."
This Reliance firm cracked a whopping 20% in a day; stock slips below Rs 10
Wed, May 16, 2018
The company owes around Rs 45,000 crore to as many as 31 domestic and international banks, including over Rs 10,000 crore to a Chinese lender. Due to mounting losses, the company began to wind down its mobile operations from last November.