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Reliance Communications

18 Jun 2019

Claims against RCom swell to Rs 57,382 cr; Rel ADAG cos among claimants

Interim Resolution Professional (IRP) Pardeep Kumar Sethi, however, admitted dues of Rs 30 crore out of fresh claims of Rs 8,189 crore, taking admitted claims so far to Rs 49,223.88 crore, RCom said in the filing.

Reliance Communications

18 Mar 2019

Reliance Communications pays Rs 458.77 cr to Ericsson: Sources

Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.

14 Mar 2019

NCLAT reserves order in RCom-Ericsson payment case

Lenders of RCom have opposed the plea, saying that it will lead to outgo of public money for settling payment of a private party.

28 Feb 2019

Investors oppose RCom's plea to use IT refunds to settle Ericsson's dues

The NCLAT was hearing RCom's plea, which has approached the appellate tribunal seeking waiver over the moratorium placed by it on February 4.

20 Feb 2019

Pay Rs 453 crore to Ericsson within 4 weeks or face 3-month jail: SC to Ambani

Ericsson had sought action against Ambani and others for failing to pay Rs 550 crore towards settlement to the company.

13 Feb 2019

NCLAT adjourns RCom's plea for insolvency to March 6

On February 4, the NCLAT had allowed telecom gear maker Ericsson India to file its objection by February 8 over Reliance Communications' plea to proceed with insolvency process.

12 Feb 2019

Ericsson-RCom case: SC asks Anil Ambani to appear before it tomorrow

Ericsson had sought action against Ambani and others for failing to pay Rs 550 crore towards settlement to the company by September-end last year.

31 Dec 2018

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

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

21 Dec 2018

RCom urges DoT to comply with SC order; grant approval for spectrum deal

The Anil Ambani-owned company Thursday said it remains committed to discharge any outstanding or disputed amount subject to final adjudication.

20 Dec 2018

RCom, Jio officials meet telecom secy to resolve issues around spectrum

Total debt on RCom is estimated to be around Rs 46,000 crore.

04 Dec 2018

RCom unit furnishes Rs 1,400 cr corporate guarantee to Telecom Department

RCom said that the proceeds from the spectrum deal will be used to clear the dues of Ericsson and RITL (Reliance Infratel) minority investors, and added that Reliance Communications' asset monetisation blueprint is moving as per plan.

18 Sep 2018

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

RCom owes over Rs 40,000 crore to a group of 38 lenders, including Chinese banks, and was resolving the debt through a strategic debt restructuring (SDR) process.

Reliance Communications

06 Aug 2018

Reliance Communications, Sweden's Ericsson reach $80 million settlement

In May, India`s bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues.

31 May 2018

RCom shares in demand; soar 20%

The order of the National Company Law Appellate Tribunal clears the way for Anil Ambani-led RCom to sell its telecom towers, spectrum and fibre assets to Reliance Jio.

30 May 2018

NCLAT stays insolvency proceedings against RCom

The period would start from June 1.

Reliance Communications Ltd

21 Mar 2018

Reliance Communications gets bondholders' nod for asset sale

Holders of the debt-laden telecom operator`s $300 million bonds have also approved the monetisation of other real-estate assets.

17 Nov 2017

RCom arm sends notice to rivals for campaign against it

RCOM-GCX said that given the serious nature of the matter, it has already raised the issue with the legal and regulatory authorities concerned.

15 Nov 2017

RCom says not making any payment to lenders for time being

In a regulatory filing, the telecom operator said that is in standstill period till December 2018 pursuant to the SDR (Strategic Debt Restructuring) guidelines.

Department of Telecom

31 Oct 2017

Reliance Communications completes merger with MTS

The Russian conglomerate Sistema controlled SSTL will get 10 percent stake in RCom as part of the deal.

26 Oct 2017

RCom shares continue to fall; down nearly 5%

On NSE, the stock lost 4.86 percent to hit a one-year low of Rs 15.65.

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