Reliance Communications Completes Merger With MTS
Under the terms of the agreement between RCOM and Sistema, RCOM will acquire the telecommunications business of SSTL including its licenses.31-10-2017
31-10-2017
Rcom unveils debt-resolution plan, says no need for write-offs by lenders
The company will also monetise its extensive tower and fiber portfolio comprising of 43,000 plus towers and over 1,78,000 route kilometre of intercity and intracity fiber30-10-2017
Press Release / Media Release
RELIANCE COMMUNICATIONS LIMITED (RCOM) PRESENTS 'ZERO LOAN WRITE-OFF PLAN' TO LENDERS30-10-2017
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Reliance Innoventures Pvt Ltd & Reliance Communications Enterprises Pvt Ltd27-10-2017
Reliance Communications Ltd reply to clarification sought by the exchange
The Exchange had sought clarification from Reliance Communications Ltd with respect to news appearing in Economic Times on October 26, 2017 titled "No Connect with Profitability, RCom to Hang up on Most of Mobile Biz by Nov 30"Reliance Communications Ltd response is enclosed.27-10-2017
RCom shares continue to fall, end 4% lower
RCom plans to shut down its loss-making wireless telephony business by November 3026-10-2017
Clarification sought from Reliance Communications Ltd
The Exchange has sought clarification from Reliance Communications Ltd with respect to news article appearing on Economic Times on October 26, 2017 titled "No Connect with Profitability, RCom to Hang up on Most of Mobile Biz by Nov 30."The reply is awaited.26-10-2017
Clarifies on News Item
With reference to news appeared in www.business-standard.com dated October 25, 2017 quoting "RCom to shut down DTH business next month", Reliance Communications Ltd has submitted to BSE a copy of Clarification is enclosed.25-10-2017
Closing doors: Reliance Communications shuts down its 2G business
The clock was ticking: after the Aircel merger fell through and RCom's vendors, angry at unpaid dues, stopped honoring agreements, Reliance Communications finally announced that it was closing its 2G wireless business. The company said that its 37 million customers in 3G, 4G and broadband would be moved to its enterprise arm. Once the deal with Aircel fell through, there was little chance of recovery for RCom. Aircel alleged "interventions by vested interests" as part of the reason the merger deal fell through, casting a shadow on company management. The deal had been part of Reliance Communications' effort to reduce its Rs. 45,733 crore debt. Rating agencies had downgraded the company's debt to default levels in May this year, after RCom missed chances for repayments. The company is expected to repay some of its debt through the sale of its spectrum assets, as well as its tower and land assets. In all, this may amount to anywhere between Rs. 25,000 and 30,000 crore. RCom's share price has fallen today on the news.25-10-2017