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AIRCEL AND RELIANCE
SBI seeks Supreme Court review of spectrum ruling in Aircel case, warns of banking and IBC risksSBI has moved the Supreme Court seeking review of its February 13 ruling that barred telecom spectrum from being treated as an asset under ...- TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLATTVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India. The company withdrew its appeal against an order that rejec...
- Aircel, RCom lenders may challenge NCLAT order on spectrum as they may lose Rs 60K crAccording to the experts and sources working with a committee of creditors, who did not wish to be named, the order may block transfer of A...
- Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian and Foreign BanksAccording to experts, based on the NCLAT Judgement, the Resolution Plan of UV Asset Reconstruction Company Ltd. (UVARCL) for Aircel, which ...
- Supreme Court says NCLAT to decide on spectrum sale of bankrupt AircelThe government in various appellate and insolvency courts has said that spectrum is a national asset that cannot be transferred to a third ...
- RBI refuses to let asset reconstruction companies bid for insolvent assetsThe immediate impact of the RBI’s decision will be felt by UV Asset Reconstruction Company, which was awaiting approval to take over telco ...
- Supreme Court directs DoT to assess AGR dues based on trading pacts, raise demands in six weeksThe top court's order has put the spotlight on trading deals that Bharti Airtel had struck with bankrupt telcos Videocon and Aircel and Rel...
- Aircel makes desperate calls to Reliance Jio, Airtel to keep network runningIntense competition in India’s telecom market has hurt operators including Aircel, which is facing partial network shutdowns and going thro...
- NCLT approves withdrawal of RCom, Aircel merger dealThe order also approved withdrawal of demerger of tower business of Reliance Infratel to Towercom Infrastructure, the filing said.
- Tech Mahindra files petitions against Reliance Communications, subsidiaries over duesReliance Communications, which is reeling under a debt burden of about Rs 46,000 crore, recently called off merger talks with Aircel, citin...
- RCOM gets CCI approval for Aircel mergerThe company has already received approval from the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exch...
- Birth of telecom giants: New pecking order can make battlefield more daunting for Reliance JioIf RCom-Aircel, Tata Tele and MTS merge, they could create a strong No. 3 telco behind the proposed Vodafone-Idea combine and Bharti Airtel.
- Reliance Communications to finalise 3 deals, including merger with Aircel, by mid-2017The Anil Ambani-led telecom company agreed to sell a 51% stake in Reliance Infratel, the company’s tower unit, to Canada’s Brookfield Group...
- Cloud over Aircel-RCom deal as Maxis’ founder Ananda Krishnan's absence irks SCThis followed the main accused in the case, former telecom minister Dayanidhi Maran and his brother and media tycoon Kalanithi Maran, being...
- Supreme Court seeks reply on plea to stop Aircel-Maxis from selling spectrumA bench of Justices J S Khehar and Arun Mishra asked both the probe agencies to file their reply within two weeks and posted the matter for...
- Aircel-Maxis case:PIL seeks to make Maxis subsidiaries accusedThe plea moved through advocate Amit Khemka has also sought setting aside of the approvals granted to Bharti Airtel for acquisition of 4G s...
- Reliance Industries conducting due diligence on Aircel, may make offer for controlling stakeAircel has close to 60 million customers and 2G spectrum licenses to operate in 22 circles across India. It has a total debt of close to Rs...
- India Inc raises $4.32bn through ECB in Mar; Nacil tops with $855mnAs many as 73 companies raised over USD 4.32 billion through ECBs (external commercial borrowings) in March, with Reliance Industries, Reli...
- RCom, Aircel may sign $300 mn infrastructure sharing dealReliance Communications' tower business Reliance Infratel is likely to enter into an end-to-end telecom infrastructure agreement with Airce...
- Maxis puts Aircel Cellular rebranding on holdMaxis Communications, Malaysia’s largest telecom operator, has postponed rebranding of Aircel Cellular.
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