Reliance Communications (BOM:532712)

QUOTE AND NEWS
The Economic Times  Apr 24  Comment 
Anil Ambani-led Reliance Group came under severe selling pressure during afternoon trade on Tuesday.
Reuters  Apr 6  Comment 
Reliance Communications Ltd (RCom) said on Friday the National Company Law Appellate Tribunal (NCLAT) has given its approval for the debt-laden company to proceed with the sale of its tower and fibre assets.
The Hindu Business Line  Apr 5  Comment 
The Supreme Court today vacated a Bombay High Court order which had stayed the sale of assets of Anil Ambani-led telecom firm Reliance Communications
The Economic Times  Apr 5  Comment 
RCom in December signed agreement with Reliance Jio to sell spectrum, mobile towers, fiber network and Media Convergence Node (MCN).
The Economic Times  Mar 26  Comment 
Sistema JFSC’s bid stands at $1.2 billion (Rs 7,800 crore) in addition to about $300 million (Rs 2,000 crore) that Reliance Communications owes Sistema.
Reuters  Mar 21  Comment 
India's Reliance Communications Ltd (RCom) said on Wednesday its bondholders had approved their asset-sale plan, that includes the sale of certain assets to upstart rival Reliance Jio Infocomm Ltd.
The Economic Times  Mar 18  Comment 
The Anil Ambani-led telco in late December struck a deal to sell most of its spectrum, fibre, towers and switching nodes to Jio, promoted by Anil’s elder brother Mukesh.
The Economic Times  Mar 15  Comment 
“Rcom has not paid dues for call centre services from January to September , 2017,” said legal counsel for Avaya, Abhishek Adke.
Reuters  Mar 12  Comment 
India's Reliance Communications Ltd (RCom) will appeal a court order that stays the sale of some telecom assets of one of its units, the company said in a statement on Monday.
The Economic Times  Mar 9  Comment 
Ericsson had earlier told the tribunal that RCom had not paid them their dues for the past two years and only few post-dated cheques were given.





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Business Profile

Reliance Communications (RCOM), a part of Anil Dhirubhai Ambani group, was originally incorporated on July 15, 2004 as a private sector company. The status of the company changed from private to public on July 25, 2005. RCOM was formerly known as Reliance Communication Ventures Ltd. RCOM has its corporate office in Navi Mumbai, India.

Reliance Communications offers a reliable, high-capacity, integrated (both wireless and wireline) and convergent (voice, data and video) digital network. It offers a range of services spanning the entire infocomm (information and communication) value chain, including infrastructure and services ? for enterprises as well as individuals, applications, and consulting. RCOM provides a complete range of telecom services covering mobile and fixed line telephony which includes broadband, national and international long distance services and data services along with an exhaustive range of value-added services and applications.

Reliance Communications owns and operates the world`s largest next generation IP enabled connectivity infrastructure, comprising over 165,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

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