Reliance Communications (BOM:532712)

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.
Reuters  Mar 8  Comment 
The Bombay High Court has dismissed Reliance Communications Ltd's (RCom) plea against an arbitration court order that barred the telecom operator from selling or transferring its assets without the tribunal's permission.
Reuters  Mar 6  Comment 
India's Reliance Communications Ltd (RCom) said on Tuesday it had appealed at the Bombay High Court against a ruling by an arbitration tribunal that barred the indebted firm from selling assets without the tribunal's permission.
The Hindu Business Line  Mar 5  Comment 
Debt-ridden Reliance Communications will hold a meeting with its $300-million bondholders in London to seek approval for an asset monetisation proposal. The Anil Ambani company plans to make partia
Reuters  Feb 16  Comment 
REUTERS - Debt-laden Reliance Communications Ltd said on Friday its shareholders approved its asset sale plan, under which the telecoms carrier would sell its wireless assets to Reliance Jio Infocomm Ltd .
Reuters  Feb 13  Comment 
REUTERS - Debt-laden telecoms carrier Reliance Communications Ltd will hold a meeting of its bondholders on March 6 to seek approvals for asset-sale plans, the company said in a regulatory filing late on Monday.

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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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