Rcom Asset Sale News

Companies

RCom files case in Supreme Court against DoT over Jio deal

In the contempt of court plea, RCom claimed DoT failed to furnish an NOC clearing the RCom-Jio spectrum deal even after the Supreme Court had directed it to do so

2 min read4 Jan 2019
Industry

RCom, Reliance Jio extend validity of asset sale pact to 28 June

The move comes at a time when Reliance Communication's spectrum sale deal has been hanging fire, pending requisite clearance from the telecom department

2 min read31 Dec 2018
Companies

Govt moves SC for bank guarantee from RCom before Jio deal

RCom's counsel Kapil Sibal said the company was not in a position to make the payment as it was undergoing insolvency proceedings

3 min read27 Nov 2018
Companies

IBC impact: M&A deals worth $14.3 billion signed in 2 years

Post Insolvency and Bankruptcy Code, distressed M&A deals comprise 12% of all mergers and acquisitions in India, says Kroll's 'Spotlight Asia' report

3 min read29 Oct 2018
Companies

Supreme Court tells RCom to pay Ericsson dues by 15 December

Reliance Communications, which owes Ericsson ₹550 crore, has to clear the dues by 15 December, otherwise it will attract an interest of 12% per annum

2 min read24 Oct 2018
Companies

RCom awaiting final govt approval for spectrum sharing and trading: Anil Ambani

At the RCom AGM, Reliance Group chairman Anil Ambani said RCom's other monetization measures, including the sale of telecom infrastructure and fibre to Reliance Jio were at an advanced stage

1 min read19 Sep 2018
Companies

RCom to exit telecom fully to focus on realty: Anil Ambani

Reliance Communications's first priority is to resolve its over 40,000 crore debt, says Reliance Group chairman Anil Ambani at the RCom AGM

2 min read18 Sep 2018
Companies

RCom completes ₹ 3,000 crore asset sale to Reliance Jio

Anil Ambani-led Reliance Communications (RCom) has completed the sale of fibre assets worth 3,000 crore to Mulesh Ambani-led Reliance Jio

1 min read27 Aug 2018
Companies

RCom sells assets worth ₹ 2,000 crore to Reliance Jio

The sale of media convergence nodes concluded today represents the initial tranche of the planned RCom-Reliance Jio deal

1 min read23 Aug 2018
Companies

Crunch time comes for RCom debt restructuring

Reliance Communications, controlled by Anil Ambani, is in the midst of restructuring the $300 million dollar bonds and plans to meet those bondholders on 24 August to seek approval on extraordinary resolutions

2 min read21 Aug 2018
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