Reliance Communications

BREAKING NEWS: Who is creating this nonsense; is there no law left in country: SC slams telecom companies over dues

A bench headed by Justice Arun Mishra also warned the telecom companies that the court may initiate contempt proceedings against them and government officials for not complying with it`s order.

Feb 14, 2020, 12:26 PM IST

UK High Court to set terms in Chinese banks' claim against Anil Ambani

The order means the Commercial Division of the High Court will hear arguments this week on Ambani's financial means and set an appropriate amount as an effective court deposit, pending a full trial in the case.

Feb 07, 2020, 09:35 AM IST

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.

Jun 18, 2019, 10:15 AM IST

RCom shares zoom 10%; hit upper circuit after payment to Ericsson

The scrip jumped 10 per cent to Rs 4.40, its upper circuit limit, on the BSE.

Mar 19, 2019, 17:59 PM IST

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.

Mar 18, 2019, 17:48 PM IST

Lenders sell 12 crore share of Reliance Communications

The sale was a result of lenders invoking shares pledged with them.

Mar 14, 2019, 12:37 PM IST

Reliance Group shares in demand; zoom up to 11.3%

Under the pact, the Group will pay the principal and interest amounts to the lenders as per the scheduled due dates.

Feb 18, 2019, 18:23 PM IST

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.

Feb 13, 2019, 10:11 AM IST

Reliance Communications to go for insolvency resolution process after failure to repay debt

RCom even failed to sell spectrum to Mukesh Ambani's Reliance Jio, a deal that was expected to bring some relief to the cash-strapped company. 

Feb 01, 2019, 22:30 PM IST

SC pulls up Reliance Communications on Ericsson's plea, Anil Ambani's firm offers to deposit Rs 118 cr

Ericsson India had on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against RCom chairman Anil Ambani for allegedly not complying with its order to clear dues.

Jan 07, 2019, 11:56 AM IST

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.

Dec 31, 2018, 18:00 PM IST

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.

Dec 21, 2018, 12:35 PM IST

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.

Dec 04, 2018, 12:59 PM IST

Ericsson row: RCom gets relief from TDSAT on spectrum sale

RCom, in a regulatory filing to the BSE, said it will receive Rs 975 crore from sale of spectrum, and that it will pay Ericsson Rs 550 crore and RITL (Reliance Infratel) minority investors Rs 230 crore from the spectrum trading proceeds.

Oct 03, 2018, 17:44 PM IST

Ericsson settlement deal row: RCom seeks 60 days more for payment citing pending spectrum sale

RCom maintained it has already filed an application on September 28 in the apex court seeking extension of time for making payment to the Swedish telecom equipment maker, by 60 days.

Oct 03, 2018, 15:27 PM IST

Reliance Jio adds 10 times more users than rest of the players in July

Vodafone, which was operated as an independent entity in July, could add over 6 lakh customers.

Sep 19, 2018, 13:49 PM IST

RCom says holders of $300 mn bonds to be repaid via cash, bonds of Global Cloud Xchange

The Global Cloud Xchange bonds will be unsecured and carry a coupon of 0.1 percent with maturity of four years.

Aug 24, 2018, 18:18 PM IST

RCom concludes sale of 'media nodes' to Reliance Jio for Rs 2,000 crore

The transaction entailed 248 nodes covering close to 5 million sq. Ft. Of area, used for hosting the telecom infrastructure, all of which now stands transferred to Jio, RCom said in a statement.

Aug 23, 2018, 11:52 AM IST

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.

Aug 06, 2018, 14:17 PM IST

RCom plea against insolvency to be heard by NCLAT on Tuesday

The plea of Anil Ambani-run RCom was mentioned today before the bench of the National Company Law Appellate Tribunal (NCLAT), seeking an urgent hearing on the issue.

May 28, 2018, 16:27 PM IST