Tag: Reliance Communications

New Delhi: The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee. “Reliance Communications Limited filed a suo moto application in terms of the SEBI (Settlement of Administrative and Civil […]

New Delhi: The “new” Reliance Communications (RCOM) will be “capex light” and emerge as India’s largest B2B (business-to-business) entity that is “focussed on the global and enterprise business”, according to Reliance Group Chairman Anil Ambani. It will also have a “strong strategic partner coming in the next few months”, Ambani said in a wide-ranging interview […]

New Delhi: Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries Limited, on Thursday announced signing of a “definitive agreement” for the acquisition of specified assets of Reliance Communications (RCOM) and its affiliates. Consequent to the agreement, Jio or its nominees will acquire assets under four categories — towers, optic fibre cable network, spectrum and […]

New Delhi: Reliance Communications will opt for insolvency proceedings as it failed to sell assets to pay for its debt, the Anil Ambani-led telecom company said Friday. “RCom board of directors decides upon implementation of debt resolution plans through NCLT framework,” the company said in a statement. The Board of Directors of RCom Friday reviewed […]

Industrialist Anil Ambani-led Reliance Communications today said it has entered into exclusive talks with the Russia-based Sistema for a potential merger of its Indian arm through a stock swap

Reliance Communications, a part of the Anil Ambani-led group, Tuesday said it has been roped in by Facebook to offer free access to data and web sites to customers through the social networking site's global digital inclusion initiative, Internet.org

New Delhi: Chinese banks will get the lions share of Rs 7,000 crore or 30 per cent in the Reliance Communications Limited (RCom) and Reliance Telecom Limited (RTL) resolution plan while the Department of Telecommunications (DoT) will get zero proceeds. The Government of India and the DoT against the AGR dues of Rs 30,000 crore […]