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Anil Ambani quits as chairman of RCom

2019-11-18 01:00:00| Total Telecom industry news

Indian business and telecoms magnate, Anil Ambani, has resigned his position as chairman of indebted conglomerate Reliance Communications, along with a number of other senior figures…read more on TotalTele.com »

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Barney quits as RCom CEO to focus on GCX Chapter 11 process

2019-09-25 02:00:00| Total Telecom industry news

Bill Barney has resigned from his position as chief executive of India's Reliance Communications (RCom) in order to concentrate his efforts on the telco's subeas cable subsidiary Global Cloud Xchange (GCX) subsidiary, where he serves as chairman and CEO. “With GCX&rsquo…read more on TotalTele.com »

Tags: process focus chapter ceo

 
 

RCOM cancels asset sale to Reliance Jio

2019-03-19 01:00:00| Total Telecom industry news

Reliance Communications (RCom) has cancelled the planned sale of its assets to Reliance Jio, according to a report in the Indian Press. The Economic Times of India quoted a burse filing…read more on TotalTele.com »

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Ambani avoids jail as RCom pays $77m to Ericsson

2019-03-18 01:00:00| Total Telecom industry news

Reliance Communications' chairman Anil Ambani has avoided a custodial sentence as his company completed the payment of $77m to Swedish network equipment provider Ericsson.  The money was due to have been paid by the end of 2018 and Ambani was given until the 20th March 2019 to make payment of the outstanding dues or face imprisonment for contempt of court…read more on TotalTele.com »

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RCom to file for insolvency

2019-02-01 01:00:00| Total Telecom industry news

India's Reliance Communications (RCom) is to file for insolvency, as the Indian firm struggles to make debt repayments. The Anil Ambani led telecoms giant officially confirmed the news on Friday through a statement to the press…read more on TotalTele.com »

Tags: file insolvency rcom

 

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