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
Anil Ambani-led telco Reliance Communications has offered an upfront payment of Rs 500 crore to the Swedish manufacturer, Ericsson which filed a petition in the NCLT against RCom pushing the telco towards insolvency. During the hearing of the National Company Law Appellate Tribunal, which happened yesterday, Kapil Sibal, who stood … Read More
Reliance Communications will tomorrow stand in the hearing on its plea against the NCLT’s order which pushed the telco towards insolvency after the Swedish manufacturer Ericsson filed a petition in the Tribunal. Today the telco was mentioned in the National Company Appellate Tribunal (NCLAT) seeking an urgent hearing on the … Read More
Reliance Communications (RCom) and Ericsson have hit a new wall in their ongoing negotiations for the recovery of pending dues by the telco. This new hurdle which both the parties are facing has come up because of disagreement regarding the payment timeline. While RCom proposed a period of six months … Read More
In a new turn of events, RCom along with its subsidiaries Reliance Infratel and Reliance Telecom has gone ahead to the appellate tribunal to halt the order which was passed by the NCLT, declaring that RCom should now proceed along the laws of insolvency and bankruptcy post admitting Ericsson’s petition. This … Read More
After RCom and Ericsson moved towards a legal spat over Ericsson’s petition in the NCLT for settling the dues which Reliance Communications owed to the Swedish manufacturer, things were looking ugly for both the parties. However, in a recent twist of events people aware of the matter informed that RCom … Read More
The Swedish telecom equipment maker Ericsson filed a petition in National Company Law Tribunal which could cause the Insolvency authorities to scrape Rs 18,000 crore worth of debt by selling Reliance Communication’s assets to Reliance Jio Infocomm. Three petitions were accepted by the NCLT against the Anil Ambani-led telco on … Read More
Global Cloud Xchange (GCX), a subsidiary of Reliance Communications (RCom), and Cyprus’ leading telecommunication provider PrimeTel today announced further enhancement of their partnership with a 100 Gbps upgrade to GCX’s HAWK subsea cable system branch into Cyprus. This network upgrade will offer robust connectivity solutions and drive new business opportunities … Read More
Reliance Communications suffered a severe blow by the NCLAT when the tribunal delivered its decision of retracting the order which it passed on April 6. The previous order allowed Reliance Communications to sell its fiber and towers, now the company has been restricted to do so until April 23. The … Read More
Reliance Communications (RCom), headed by Anil Ambani, yesterday received good news as the Supreme Court has vacated the stay on the sale of spectrum to the Mukesh Ambani-led Reliance Jio. As part of the massive asset monetisation, Reliance Jio to acquire assets of RCom under four categories- Towers, Optic Fiber … Read More
Reliance Communications (RCom) shareholders with the US $300 million bonds have approved the company’s asset monetisation plans to Reliance Jio. RCom bondholders, during a meeting, held on March 20, 2018, have approved this massive deal, which was announced back in December 2017. “The Bondholders also approved the release of their … Read More
The Competition Commission of India (CCI) has reportedly approved the proposed sale Reliance Communications (RCom) infrastructure assets to Reliance Jio. Reporters at PTI has confirmed the progress, and they learnt this information from two people who are familiar with the development. This news will surely boost Reliance Jio as it’s expected … Read More
Support Telecomtalk
1 Comments
