Free Press Journal
  • RCom alleges Govt of bias in Idea-Voda merger case

    New Delhi : Reliance Communications (RCom) has alleged DoT of adopting discriminatory approach by demanding bank guarantee from the company for one-time spectrum charges, while approving Vodafone-Idea merger without making similar demand, sources said. The allegations have been rejected by the telecom department.

  • RCom shares tank nearly 16 per cent on NCLT move

    New Delhi: Shares of Reliance Communications plunged nearly 16 per cent a day after NCLT admitted an insolvency petition filed by Ericsson against the company and two of its subsidiaries. The stock fell sharply by 15.26 per cent to end at Rs 10.55 on BSE. Intra-day, it dropped 20 per cent to Rs 9.95.

  • Decks cleared for RCom to sell assets to RJio

    New Delhi : Anil Ambani-led telecom firm Reliance Communications (RCom) on Friday said the National Company Law Appellate Tribunal (NCLAT) has passed an interim order to allow the company to execute its Rs 25,000-crore asset monetisation programme.

  • RCom move to sell assets hits SC hurdle

    New Delhi : The Supreme Court on Thursday directed maintenance of status quo on the sale of assets of Anil Ambani-led Reliance Communication (RCom) to Reliance Jio on a plea of a banks’ consortium challenging a stay order of a tribunal.

  • Supreme Court orders status quo in Reliance Communication’s asset sale to R-Jio

    New Delhi: The Supreme Court today ordered that status quo be maintained on Reliance Communication’s sale of assets to R-Jio on pleas by a consortium of banks. The apex court bench, comprising Justices A K Goel, R F Nariman and U U Lalit, refused to lift the stay ordered by Bombay High Court on R-Com asset sale.

  • SC to hear RCom’s plea against ban on asset sale

    New Delhi : The Supreme Court has agreed to hear a plea by Reliance Communications (RCom) against the Bombay High Court order restraining the company and its subsidiaries from selling assets.

  • RCom to appeal NCLT stay order against asset sale

    Mumbai : Reliance Communications (RCom) will appeal a court order that stays the sale of some telecom assets of one of its units, the company said on Monday.

  • RCom gets CCI nod to sell infra assets to Jio

    New Delhi : In a major relief to the debt-laden Reliance Communications (RCom), the Competition Commission of India (CCI) on Friday approved the telecom firm’s proposal to sell infrastructure assets including towers, optic fibre cable and spectrum to Reliance Jio.

  • RCom shareholders approve asset monetisation plan

    New Delhi: Debt-ridden telecom operator RCom today said its shareholders have approved an asset monetisation plan which will be used to repay dues. “The shareholders of the company approved the monetisation of its assets. The company announced the results of postal ballot on February 15, 2018,  whereby the shareholders approved the resolution to monetise spectrum, towers, fibre, telecom infrastructure and other assets with overwhelming majority of 99.91 per cent,” RCom said in a

  • ‘New’ RCOM to be India’s largest B2B business: Anil Ambani

    New Delhi: The “new” Reliance Communications (RCOM) will be “capex light” and emerge as India’s largest B2B (business-to-business) entity that is “focussed on the global and enterprise business”, according to Reliance Group Chairman Anil Ambani.

  • RCom deal brings synergies for Jio’s biz: Morgan Stanley

    New Delhi : The acquisition of wireless assets of Reliance Communications (RCom) will lower costs and bring synergies to Reliance Jio’s business but may potentially raise parent RIL’s net debt by 10-12 per cent in near term, Morgan Stanley said on Friday.

  • Reliance Jio to take over mobile biz assets of troubled RCom

    New Delhi: Billionaire Mukesh Ambani today stepped in to bail out younger brother Anil Ambani’s debt- ridden Reliance Communications by acquiring spectrum, tower, optical fiber network and other wireless assets.

  • Only ‘moral financing’ prevails, says Anil Ambani

    Mumbai: For Reliance Communications, repaying its debt was not just about business but a moral imperative, Reliance Group Chairman Anil Ambani said while announcing the roadmap to cutting RCOM’s debt to Rs 6,000 crore.