Reliance Communications

Ericsson files contempt plea against SBI chief over Rcom's Rs 550 cr dues - Report

Ericsson accuses SBI of not helping to retrieve the dues from RCom in its capacity as the lead banker during RCom's attempts to sell wireless assets to Reliance Jio.

Feb 6, 2019

RCom meltdown: Anil Ambani's pain is Mukesh Ambani's gain

Asset sale to Reliance Jio, which would have brought nearly Rs 18,000-crore to debt laden Rcom, floundered after creditors demanded payment ahead of the sale.

Feb 5, 2019

RCom shares plunge more than 50% after bankruptcy move

The Reliance Communications board has said it now looks at comprehensive debt resolution within the next 270 days.

Feb 4, 2019

Failing to pay debt, Anil Ambani led Reliance Communications files for insolvency

Now with RCom filing for insolvency, the company has become the latest telecom player after Aircel to do so.

Feb 2, 2019

Double setback for RCom, Anil Ambani in legal tangle with Ericsson

After Ericsson sought arrest and detention of Ambani,RCom said on Sunday the Swedish telecom gear maker was sensationalising the issue of dues recovery and setting off a media trial.

Jan 7, 2019

Ericsson seeks arrest and detention of Anil Ambani over Rs 550 crore dues

In early October, Reliance Communications had sought 60 more days for repayment of Rs 550 crore to Ericsson.

Jan 4, 2019

Reliance Communications' settlement with Ericsson over dues unlikely for now: Report

Ericsson had signed a seven-year deal in 2014 to operate and manage RCom's nationwide telecoms network. The company is now seeking 1.55 billion rupees ($170 million) from RCom and two of its subsidiaries.

May 18, 2018

Aircel shutdown leaves 5,000 employees in lurch over salary dues

The Gurugram-based firm was in talks to merge with Reliance Communications, but the talks failed to materialize and the carrier then decided to shut down operations in 6 regions.

Mar 27, 2018

Stocks to watch on March 22: Sun Pharma, Coal India, JP Associates

Shares in Reliance Communications are likely to move on report the firm has received bondholders' approval for asset monetization plan.

Mar 22, 2018

Stocks to watch on March 13: Bata India, InterGlobe Aviation, NBCC India

Stocks such as Bata India, InterGlobe Aviation, NBCC India are likely to move in trades on Tuesday.

Mar 13, 2018

Stocks to watch on March 12: Bharti Airtel, Jet Airways, Shree Renuka Sugars

Stocks such as Bharti Airtel, Jet Airways, Shree Renuka Sugars are likely to move in trades on Monday.

Mar 12, 2018

Airtel and Vodafone likely to buy debt-ridden RCom's spectrum

The telcos are looking for RCom's 2100 MHz spectrum in 13 circles–Delhi, Mumbai, Kolkata, Punjab, Madhya Pradesh, Bihar, Assam.

Dec 1, 2017

RCom to sell DTH arm Reliance BIG TV to reduce debt

The company said that following the change of ownership, services to its 1.2 million subscribers and continuity for about 500 employees of Reliance BIG TV won't be interrupted in any manner.

Nov 29, 2017

China Development Bank files insolvency suit against debt-ridden Reliance Communication

Earlier, RCom's operational creditors Ericsson India and Manipal Tech have already filed bankruptcy petitions against the telecom company as dues were not cleared.

Nov 28, 2017

Reliance Communications and Aircel lash out at rivals for causing them 'irreparable damage' with false advertising

RCom and Aircel have now accused Bharti Airtel, Vodafone and Idea Cellular of trying to poach its customers through false advertising.

Nov 18, 2017

Slowdown in telecom sector puts 100,000 jobs at risk; is Bharti Airtel first to face the heat?

Facing the heat of the economic slowdown, Bharti Airtel has reportedly reduced its headcount by 1,805 employees in India in the last one year.

Nov 1, 2017

1,000 to 1,200 RCom workers to get laid off as company shuts most wireless businesses

The company has communicated to its employees that their last working day will be November 30.

Oct 26, 2017

You can always go home: Reliance Communications to re-absorb 4,000 staffers after Ericsson deal debacle

RCom and Ericsson decided to sever ties over non-payment of dues to the latter, amounting to approximately Rs 1,150 crore and now 4,000 employees are set to rejoin Reliance Communications.

Oct 11, 2017

RCom in tight spot as tower operators cut services citing pending dues

Reliance Communications owes GTL and its unit CNIL about Rs 95 crore and Rs 20 crore to Rs 25 crore each to ATC and Bharti Infratel.

Oct 6, 2017

Anil Ambani flags 'creative destruction' of telecom sector

Sector under stress, and banks are not lending he says, pointing out that many operators have seen value erosion and large losses over the past year.

Sep 26, 2017