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RCOM ASSETS
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 ...- Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...
- AGR case: Supreme Court asks government if Jio should bear Rcom AGR duesThe three-judge bench also asked RCom to explain the fall in the value of its assets, even as the government stressed that airwaves of all ...
- The little-known Delhi firm behind the Rs 16,000-crore bid for Anil Ambani's telecom assetsAmid rising speculations around RCom's final fate, UVARCL has generated a lot of interest in industry and media circles.
- SBI board approves Rs 23,000-crore RCom insolvency resolution plan: SourcesJio placed bid for Reliance Infratel's tower and fibre assets & UVARC for assets of RCom & Reliance Telecom.
- RCom's committee of creditors to meet on MondayUV Asset Reconstruction Company is learnt to have placed a bid of around Rs 14,700 crore, while Reliance Jio has made an offer of Rs 4,700 ...
- Jio, UVARC emerge top bidders for RCom assetsReliance Jio had placed Rs 4,700-crore bids for mobile tower and fibre assets of RITL. With this, the 38 lenders of RCom would recover 75% ...
- Airtel, Infratel among 6 bidders for RCom assets; Jio stays awayJio is said to have asked RCom’s RP for a 10-day extension of the Nov 11 deadline for submission of bids.
- Anil Agarwal's Twin Star Tech not to bid for RCom assetsAnil Agarwal-promoted Twin Star Technologies pulled out as a bidder for telecom assets of debt-ridden RCom.
- Jio, Airtel to compete for RCom assetsPrivate equity firms, AMCs, tower operators among 10-12 firms have submitted EoIs.
- RCom, Jio terminate asset sale agreement by mutual consentBoth the companies had entered into an agreement for sale of RCom's assets in December 2017.
- RCom to sell more spectrum to Jio to reduce debtThis will be in addition to the 122 MHz in the same band that Rcom is already selling to Jio.
- Sistema sells its 10 per cent stake to exit Reliance CommunicationsSistema JSFC took a call to exit RCom after the beleaguered telco recently got embroiled in insolvency proceedings, a person with direct kn...
- Supreme court orders Status Quo on RCom assets saleIn view of intervening court holidays on march 29 and 30, the matter has been fixed for hearing in the following week on Thursday, April 5
- Confident about expeditious completion of asset sale plan: RComThe comments follow the Supreme Court order earlier in the day that status quo be maintained on RCom's sale of certain assets to Reliance J...
- Reliance Jio to buy out RCom’s wireless assetsThis agreement also came about a decade after the brothers divided the Ambani empire between with them, with the telecom interests going to...
- Ambani to Ambani's rescue! Jio to buy RCom assets, inks pactAnil Ambani led Reliance Communications said that it will utilise the proceeds of the monetisation of this cash deal solely for pre-payment...
- Lenders clear sale of RCom Delhi, Chennai assets for Rs 801 cr"Lenders have approved sale of real estate asset RCom holds in Delhi and Chennai for Rs 801 cr to Brookfield," a source privy to the develo...
- Reliance Communications stock jumps over 5% in intraday trade after CLSA ‘Outperform’ viewThe brokerage said the upgrade was on expectations that the telecom operator would soon reduce its debt with proceeds of its telecom tower ...
- Reliance Communications' deal to sell towers will lower its debt by 60%: CLSARCom announced the signing of a term sheet with Tillman and TPG for the sale and leaseback of its 43,400 towers held by its subsidiary Reli...
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