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14 Feb 2020

Who is creating this nonsense: 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.

07 Feb 2020

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.

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

19 Mar 2019

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.

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

Lenders sell 12 crore share of Reliance Communications

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

18 Feb 2019

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.

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.

01 Feb 2019

RCom 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.

Reliance Communications

07 Jan 2019

SC notice to Reliance Communications on Ericsson's plea

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.

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.

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.

Reliance Communications

03 Oct 2018

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.

Reliance Communications

03 Oct 2018

Ericsson settlement deal row: RCom seeks 60 days more for payment

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.

19 Sep 2018

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.

Reliance Communications

24 Aug 2018

RCom says holders of $300 mn bonds to be repaid via cash

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

Reliance Communications

23 Aug 2018

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.

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.

Reliance Communications

28 May 2018

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.

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