Page 4 - Rcom

RCom to exit telecom biz completely, focus on real estate: Anil Ambani

Ambani addressed the shareholders of all group companies, including RCom

RCom completes sale of some assets to Reliance Jio for Rs 20 billion

The transaction entailed 248 nodes covering close to 5 million sq. ft. of the area, used for hosting the telecom infrastructure, all of which now stands transferred to Jio

RCom furnishes Rs 7.7 bn-bank guarantees with DoT 4 weeks ahead of timeline

The reinstatement of the bank guarantees will ensure that the company's licence and spectrum value of Rs 113 bn 'stands fully protected'

RCom planning to complete Rs 250-billion assets sale by August-end

The apex court on August 3 allowed RCom to sell assets covering spectrum, fiber, telecom towers, MCNs and certain real estate assets

RCom calls DoT's approach on one-time spectrum charge discriminatory

The Anil Ambani led firm has alleged that OTSC dues of Vodafone are to the tune of Rs 90 billion, which is around 4 times of RCom

RCom offers Ericsson Rs 5 bn to clear dues; NCLAT to hear interim prayer

Ericsson counsel told the appellate tribunal that its dues stood at Rs 9.78 billion for services rendered to RCom

RCom moves NCLAT challenging order allowing plea for its insolvency

RCom informed stock exchanges that it has approached NCLAT along with its two subsidiaries

Bad news for RCom: Settlement with Ericsson over unpaid dues unlikely

With debt totalling Rs 457.33 billion ($6.73 billion) at end-March 2017, RCom is the most-leveraged of all listed telecoms carriers in India

Reliance Communication gets NCLAT nod to sell tower, fibre assets

RCom can now execute its full asset monetisation programme of around Rs 250 billion

RCom Q3 net loss narrows to Rs 1.3 bn due to sale of wireless assets

Share of RCom closed at Rs 27.25 a unit, down by 3.88 per cent compared to previous close, at the BSE

Lenders clear sale of RCom Delhi, Chennai real estate assets for Rs 801 cr

RCom, which is reeling under Rs 45,000 cr debt, is under a standstill period till Dec 2018

Telecom jobs under threat? RCom, Tata Tele sack around 1,000 employees each

Both companies failed to take on the competition unleashed by Reliance Jio which offered free voice telephony to its customers.

20 stocks that have eroded shareholder wealth in CY17

Given the backdrop, analysts say investors should not add these stocks to their portfolio as the business model remains weak

All eyes on RCom's tower & fibre optic businesses

New Delhi/Mumbai, 8 November Leading telcos, tower infrastructure companies and private equity (PE) funds have shown interest in picking up the entire mobile tower and the fibre optic assets of Reliance Communications (RCom) that are up for sale. These include Bharti Infratel, American Tower Corporation, Tilman Global Holdings, Sistema and Brookfield apart from PE funds TPG, Carlyle, Squared Capital and Gateway Partners. Bharti Infratel and Sistema declined to comment on the issue, queries sent to ATC, Tillman and Squared Capital did not elicit any response. Both Carlyle and TPG declined to comment and Gateway could not be reached. The fibre optic business has attracted interest only from Reliance Jio which has also shown interest in the tower assets. Jio did not respond to a query. The move comes close on the heels of the Anil Ambani group giving a plan for debt restructuring to the consortium of bankers. RCom, which has a debt of ~40,000 crore, has suggested that it would be able .

Reliance Communications skips bond interest payment

Says no payments will be made to lenders or bond holders till Dec 2018

Moody's, Fitch downgrade RCom credit ratings, warn on debt levels

Moody's downgraded it to 'Ca' from 'Caa1'; Fitch downgraded it to 'Restricted Default' from 'CCC'

RCOM gets CCI approval for Aircel merger

Post closing, RCOM and present shareholders of Aircel will hold 50% each in Aircel.

Holi offer: RCom offers 1GB for Rs 49 to new 4G customers

3GB data will be priced at Rs 149 plus free, unlimited local and STD calls within its network

Supreme Court dismisses special leave petition against RCOM

Apex Court passed order dismissing the I-T department's SLP, in relation to the taxing of the FCCB proceeds

RCom launches unlimited voice calling plans at Rs 149

The plan resembles a similar Jio tariff plan, but can be activated on any phone - 2G, 3G, or 4G - unlike Jio