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RCom to sell mobile, fibre assets to pay off debt

2017-10-30 01:00:00| Total Telecom industry news

Reliance Communications on Monday unveiled a debt restructuring plan that will see it sell off certain key assets, including mobile spectrum and fibre infrastructure, as part of a debt restructuring plan that will leave lenders with control of a new company with no exposure to the consumer mobile market. The new RCom will have a reduced debt burden and will focus on the enterprise and carrier markets…read more on TotalTele.com »

Tags: mobile pay sell debt

Reliance Jio forces RCom mobile shutdown

2017-10-25 02:00:00| Total Telecom industry news

India was awash with rumours around the future of Reliance Communications' mobile and TV businesses on Wednesday, with one news outlet claiming that the telco will close down the former within a month due to market competition. RCom has told staff at its wireless unit that their last day at work will be 30 November, according to the Economic Times, which cited an audio recording of Gurdeep Singh, executive director of Reliance Telecom speaking to employees…read more on TotalTele.com »

Tags: mobile forces reliance shutdown

RCom to close SSTL deal next week after regulatory nod

2017-10-23 02:00:00| Total Telecom industry news

Reliance Communications (RCom) has received the approval of the Department of Telecommunications (DoT) for its planned acquisition of Sistema Shyam Teleservices Ltd (SSTL). As a result, it expects to close the transaction in the first week of November, RCom announced on Monday…read more on TotalTele.com »

Tags: close week deal regulatory

RCom swings to 162m fiscal Q1 loss

2017-08-15 02:00:00| Total Telecom industry news

Reliance Communications this week revealed it swung to a fiscal first quarter loss, as India's relentless price war took its toll. Revenue in the three months to 30 June plunged 33% year-on-year to 35.91 billion rupees (&euro…read more on TotalTele.com »

Tags: loss fiscal swings rcom