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RCOM JIO DEAL
Jio says RCom sharing deal stands, won't be affected in case deal stopsThe DoT served a show cause notice to RCom for defaulting on Rs 21 crore in spectrum dues. RCom, the operator under a debt of Rs 46000 cror...- Mukesh Ambani may reap rewards from brother's telecom woesMukesh Ambani’s decision to end a deal with his brother may be an astute business move.
- RCom writes to telecom secretary seeking DoT NOC for spectrum deal with JioDoT has so far refused to approve the spectrum sale after Jio said it can’t be held liable for RCom’s past dues.
- We can’t risk servicing RCom’s past dues, says JioRCom is desperate to close the trading deal to use the funds to pay operational creditor Ericsson Rs 550 crore, and other lenders, includin...
- Reliance Communications asks TDSAT to confirm spectrum dues are not Jio’sThe Supreme Court bench on Friday adjourned the case for three weeks after learning about the application filed by the Anil Ambani-owned te...
- Government refuses protection to Jio against RCom’s past liabilitiesIn a huge setback for Anil Ambani, govt just denied Jio any immunity from RCom's past payment liabilities.
- RCom, Jio seek clarity on DoT stand on spectrum dealThe DoT has put the spectrum trading between the two companies on hold after Reliance Jio refused to bear burden on any past dues that RCom...
- RCom, Jio keep asset sale deal alive, extend deadline to June 28Dot’s rejection of spectrum deal between telcos sparked speculation about fate of wireless asset sale.
- Can’t enforce Supreme Court order, DoT tells RCom and JioExecutives at Jio and RCom have also been holding parallel talks to resolve this issue as the deal is important for both companies.
- DoT rejects RCom-Jio spectrum trading dealDoT turns down spectrum trading deal in a setback to RCom's efforts to settle with Ericsson.
- RCom to SC: Jio deal at risk if DoT refuses land as securityDoT’s legal representatives even told the apex court that since it would only accept bank guarantees, and RCom says it cannot offer that, t...
- Reliance Communications says Jio deal in jeopardy unless DoT clearsDoT said it will only accept bank guarantees for dues of about Rs 3000 crore and suggested that Jio could also make the payment on RCom’s b...
- TDSAT rejects DoT’s plea for bank guarantees from RComDoT says it can’t accept land as a guarantee, and instead is pressing for bank guarantees.
- Furnish bank guarantees or lose licences: DoT to Reliance CommunicationsAnil Ambani must furnish bank guarantee by the end of this month or risk losing his telecom licence.
- Jio’s buying of RCom’s assets could bolster its 4G footprint, says Goldman SachsLast week, Mukesh Ambani-led Reliance Jio Infocomm agreed to buy the wireless assets of RCom for roughly Rs 24,000 crore.
- RCom buyout spells synergy benefits, big savings for JioSources have pegged the Jio-RCom all-cash deal size at roughly Rs 24,000 crore, which will help the Anil Ambani company repay part of its R...
- 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...
- RCom-Jio deal: Bada bhai-chhota bhai join hands on father's birthdayThe disruption caused by Mukesh Ambani's Jio pushed Anil's Reliance Communication to the edge as the sibling rivalry reached a climax.
- 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...
- 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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