Reliance Communications (RCom), which announced its fibre assets sale to Reliance Jio last year today stated that it had completed the planned sale. The Anil Ambani-led company has sold the optical fibre assets worth Rs 3,000 crore to Reliance Jio. Last week, RCom announced the completion of media convergence nodes … Read More
Reliance Communications (RCom), the Anil Ambani-led company today announced the completion of the planned sale of its media convergence nodes (MCNs) and related infrastructure assets, worth Rs 2,000 crore, to Mukesh Ambani-backed Reliance Jio Infocomm. RCom said the transaction entailed 248 nodes covering close to 5 million sq. Ft. of … Read More
Reliance Communications (RCom) has now said it has reinstated bank guarantees worth Rs 774 crore with DoT (Department of Telecommunications), much ahead of the timelines set by the telecom tribunal. The move not only staves off a looming crisis that the company had faced after the telecom department’s show-cause notice … Read More
Ever since Reliance Communications got surrounded in the competition after 2016, the telecom operator has been battled down by trouble from all sides. In a new development involving its attempt to crawl out of the slump, RCom has told the Department of Telecommunications that it will furnish bank guarantees worth … Read More
Reliance Communications (RCom), the Anil Ambani-led company is now expecting to complete the sale of its business assets worth Rs 25,000 crore by the end of this month. At the same time, the debt-ridden telco has agreed to pay Rs 550 crore towards the settlement to telecom gear-maker Ericsson by … Read More
The biggest bank of the country, State Bank of India has urged the DoT to rethink its decision of revoking the spectrum of Reliance Communications. SBI Chairman reached out to the Telecommunications department in this regard and said that keeping in mind that a lot of lenders are yet to … Read More
The Department of Telecommunications has asked Anil Ambani-led company Reliance Communications (RCom) to furnish bank guarantees worth Rs 774 crores towards spectrum dues pending next year. The DoT has explicitly said that if the telco fails to do so, then it will risk losing its licenses. It is noteworthy that … Read More
Reliance Communications has alleged the Department of Telecommunications of unfair and discriminatory practices. The Anil Ambani led telco said that demands for bank guarantees were sought from the telco for the 850Mhz spectrum. However, the same wasn’t done for Vodafone India, another telecom company which is currently under the merger … Read More
After the debt-ridden telecom giants, Aircel and Reliance Communications (RCom) hit the wall of poor financials, distributors of these telcos have alleged that they have not been paid appropriately and the payment that they have received is a fraction of what the original dues are. The Anil Ambani led telco … Read More
Reliance Communications (RCom), in a new move, has handed over 70 units of unliberalised or non-auctioned spectrum in the 1800 Mhz band to the Department of Telecommunications (DoT). RCom moved over to this option when the company could not find any buyers for the spectrum and the Anil Ambani led … Read More
Reliance Communications, the Anil Ambani led telco which was on the verge of bankruptcy a few days ago has declared that it is in a financial soup and is surrounded by capex troubles, hyper-competition and endless problems as a result of which, it has brought down the count of its … Read More
Reliance Communications has reported that its losses grew to a whopping figure of Rs 19,827 crore compared to the Rs 1,112 crore which was the losses in the January-March quarter of the year 2017. According to the information available, the losses grew significantly because of the one-time fee which Reliance … Read More
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