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RCom jumps over 6% on monetisation of realty assets

Reliance Communications, which is saddled with Rs 45,000 crore of debt, has got a 7-month reprieve from banks to service it.

Anil Ambani not to draw RCom Chairman's salary in 2017-18

Anil Ambani not to draw RCom Chairman's salary in 2017-18

Telecom major Reliance Communications (RCom) Chairman Anil Ambani has voluntarily decided to forego his salary and commission from the company during the current financial year as part of its "strategic transformation programme", RCom announced on Wednesday.

RCom rejects rating downgrades by Moody's, Fitch

RCom rejects rating downgrades by Moody's, Fitch

Telecom operator Reliance Communications on Tuesday rejected credit rating cuts by Moody's and Fitch as the agencies' views apply only on its USD 300 million bonds, which are being serviced regularly.

Telecom industry's cash deficit at Rs 1.2 lakh crore: RCom

Telecom industry's cash deficit at Rs 1.2 lakh crore: RCom

Intense tariff war and high taxes are expected to squeeze Indian telecom operators, leaving a gaping Rs 1,20,000 crore deficit between the industry's earnings and its debt/payment commitments this year, says debt-laden Reliance Communications.

RCom gets 7 months to service debt; to cut burden by 60%

RCom gets 7 months to service debt; to cut burden by 60%

Debt-laden Reliance Communications on Friday said its lenders have agreed to a strategic restructuring plan under which it will get a 7-month standstill to service loans amounting to Rs 45,000 crore.

RCom shares continue to reel under pressure, tank 9.5%

Shares of Reliance Communications on Wednesday tanked 9.5 percent after Moody's Investors Service downgraded the company's corporate family rating and senior secured bond rating on account of weak performance and "fragile" liquidity position.

RCom bond sell-off gathers pace after Moody's rating cut

RCom bond sell-off gathers pace after Moody's rating cut

A sell-off in Reliance Communications Ltd`s bonds accelerated on Wednesday after rating agency Moody`s cut its rating on the company deeper into junk territory, underscoring the extent of its debt woes.

Get 3GB data, unlimited local and STD calls at just Rs 149 on RCom

Get 3GB data, unlimited local and STD calls at just Rs 149 on RCom

Reliance Communications is offering 1GB data to new 4G customers for Rs 49 whereas 3GB data will be priced at Rs 149 plus free, unlimited local and STD calls within its network.

Aircel case in SC not going to impact merger: RCom

Telecom operator Reliance Communications on Monday hoped that the ongoing case against Maxis top officials will not impact the merger of its wireless business with that of Aircel.

RCom pledges 10.4 crore shares to Axis Trustee Services

Reliance Communications Ltd has pledged an additional 10.4 crore shares, amounting to 4.18 per cent stake, to Axis Trustee Services.

Superfast Features: Reliance Comm sells tower business to Brookfield to pare debt

Reliance Comm sells tower business to Brookfield to pare debt.

Rcom-Aircel merger: Biggest consolidation deal in India's telecom sector

Rcom-Aircel merger: Biggest consolidation deal in India's telecom sector

Termed as the biggest consolidation deal in the telecom space of India, Reliance Communications and Aircel merged their wireless operations on September 14 to give birth to an entity with assets worth Rs 65,000 crore.

SC dismisses special leave petition against RCOM on taxing of proceeds of  FCCBs

SC dismisses special leave petition against RCOM on taxing of proceeds of FCCBs

A Supreme Court bench of Justice Kurian Joseph and Justice Rohinton Fali Nariman passed the order dismissing the I-T department`s SLP, in relation to taxing of the FCCB proceeds, interest and derivatives income or loss thereon.

Govt issues demand notes to 7 telcos for spectrum purchase

Govt issues demand notes to 7 telcos for spectrum purchase

Government on Monday issued demand notes to seven telecom operators to make payment in 10 days for the spectrum they bought in the just-concluded auction.

RCom gets Bombay HC approval for Sistema acquisition

Reliance Communications today said Bombay High Court has approved its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices, that operates under the MTS brand.

Seven telcos submit Rs 15,000 crore earnest money for auction

Seven telcos submit Rs 15,000 crore earnest money for auction

In a seemingly tepid build-up to the upcoming spectrum sale, due on October 1, seven mobile operators are said to have deposited earnest money of about Rs 15,000 crore, lower than the previous year's Rs 20,435 crore.

RCom expects to sell towers in Oct, Aircel to divest its own

RCom expects to sell towers in Oct, Aircel to divest its own

Telecom operator Reliance Communications is looking to close its long-pending mobile tower sale deal next month that may bring down its debt by around Rs 19,000-20,000 crore.

 RCom-Aircel expected to sign merger deal by Sept 1st week

RCom-Aircel expected to sign merger deal by Sept 1st week

Telecom operators Reliance Communications and Aircel are expected to sign agreement for merger of their businesses by the first week of September.

RCOM launches app-to-app calling plan; intro price of Rs 39 for 300 minutes

RCOM launches app-to-app calling plan; intro price of Rs 39 for 300 minutes

Commencing with its pan-India launch `Calling Ka Naya Tareeka` offer, RCOM is offering HD app-to-app calling at an introductory price of Rs 39-for 300 minutes of calling in India, and anywhere in the world, the statement added.