Anil Ambani's Reliance Communications lays out debt resolution plan

Reliance Communications's net debt stood at around $7 billion as of March 2017 when it last made the number public.

Reliance Communications Ltd (RCom) will propose a plan to sell its telecom infrastructure assets, airwaves and real estate to resolve its debt, the firm said on Sunday.

RCom, controlled by businessman Anil Ambani, last week said it will seek fast-track resolution through India's National Company Law Tribunal (NCLT).

RCom's net debt stood at around $7 billion as of March 2017 when it last made the number public.

The company said its new proposal resembles a previous plan, which was hampered however by a lack of regulatory approvals and legal battles.

It expressed confidence on Sunday that its "substantial unsustainable debt