Rcom

Bharti Airtel Gains, Vodafone Idea Nosedives After Supreme Court Rejects AGR Review Plea

Business | Edited by Peter Noronha | Friday January 17, 2020

It may be recollected that the telecom department claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance Communications (RCom). According to the telecom department, Bharti Airtel owed around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communic...

Government To Refund Rs 104 Crore To RCom After Top Court Rejects Request

Business | Reported by Ashish Kumar Bhargava, Edited by Sandeep Singh (with inputs from agencies) | Tuesday January 7, 2020

The Department of Telecom has already adjusted Rs 30.33 crore.

Opinion: $680 Million Question of What Anil Ambani Knew

Business | Andy Mukherjee | Bloomberg | Wednesday December 18, 2019

The $680 million is the amount Industrial & Commercial Bank of China Ltd. is seeking to recover from the former Indian billionaire by invoking what they say is a personal guarantee he gave in 2012 to secure a $925 million loan for Reliance Communications Ltd., his mobile services firm that's now in bankruptcy.

Anil Ambani's Resignation Rejected By Reliance Communications Lenders

Business | ANI | Monday November 25, 2019

According to a letter by RCom on Sunday, the decision was taken in a meeting of the Committee of Creditors of Reliance Communications Limited held on November 20.

Anil Ambani, 4 Others Resign From Bankrupt Reliance Communications

Business | Asian News International | Saturday November 16, 2019

Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.

Bharti Airtel Shares Spike Over 8% After Q2 Results

Business | Edited by Peter Noronha | Friday November 15, 2019

The telecom majors Vodafone Idea and Bharti Airtel had reported huge losses in the July-September period on account of high provisions for outstanding government dues.

Supreme Court Allows Centre To Recover Rs 1.3 Lakh Crore From Telecom Companies

Business | Thursday October 24, 2019

The Department of Telecom claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance Communications.

Anil Ambani Says Group Will Pay Another $2.1 Billion Debt By March

Business | PR Sanjai and Rahul Satija | Monday September 30, 2019

Anil Ambani, 60, is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse. In June, Reliance Group said it repaid Rs 35,000 crore in the previous 14 months through asset disposals, excluding Reliance Communications.

Reliance Communications Chief Executive Officer Steps Down To Focus On US Unit's Bankruptcy Process

Business | Thomson Reuters | Tuesday September 24, 2019

Anil Ambani-led RCom filed for bankruptcy earlier this year as lack of regulatory approval for asset sales hampered the company's efforts to solve its debt crisis.

Unit Of Anil Ambani's Reliance Communications Files For Bankruptcy

Business | Denise Wee, Bloomberg | Monday September 16, 2019

Anil Ambani has been waging a war on debt, and Reliance Group has said that it planned to raise about Rs 21,700 crore by selling assets from roads to radio stations in a bid to cut borrowings.

Anil Ambani Plans Rs 21,700-Crore Asset Sales To Cut Massive Debt: Report

Business | Anurag Joshi, PR Sanjai and Bhuma Shrivastava, Bloomberg | Thursday July 11, 2019

Reliance Infrastructureis seeking Rs 9,000 crorefrom the sale of nine road projects

Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani's Firm

Business | PR Sanjai, Bloomberg | Wednesday June 19, 2019

Anil Ambani's older sibling and Asia's richest man Mukesh Ambani's Reliance Jio Infocomm Ltd. had earlier offered to purchase RCom's assets in a Rs 17,300-crore deal, which would have helped partly pay off lenders

Tribunal Admits Anil Ambani's Reliance Communications For Bankruptcy

Business | NDTV Profit Team | Friday May 10, 2019

Anil Ambani's Reliance Communications was forced to discontinue operations two years ago after his elder brother Mukesh Ambani's Reliance Jio Infocomm disrupted the telecom industry in 2016 by launching aggressively prices data and voice call plans.

Opinion: Take A Bow, Ericsson, In How You Handled Anil Ambani Case

Business | Andy Mukherjee | Bloomberg | Tuesday March 19, 2019

To see just how badly they have bungled RCom, consider the stinging rebuke the lenders received from an appeals judge at India's bankruptcy tribunal last week:

Reliance Industries' Mukesh Ambani Provides 'Support' to Brother Anil as Ericsson Debt Paid Off

Reuters | Tuesday March 19, 2019

Reliance Communications said the requisite payment had been made to Ericsson to comply with an Indian Supreme Court judgement.