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TELECOM DEBT RESTRUCTURING
SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...- HCL Tech flags weak Q4, bets big on AI to drive next phase of growthHCL Technologies faced a slower fourth quarter than anticipated. Weakness in its software business and certain service areas impacted resul...
- Why are Deutsche Telekom and T-Mobile US stocks crashing on merger talks—could this $400B deal become telecom’s biggest ever, or is the shares drop a rare dip to buy or red flag?Why are Deutsche Telekom and T-Mobile US stocks crashing together on merger talks? Shares of Deutsche Telekom dropped 2.6% after reports of...
- SBI moves Supreme Court seeking review of spectrum ruling, flags impact on telecom insolvenciesThe State Bank of India is asking the Supreme Court to reconsider a recent ruling. The judgment prevents telecom spectrum from being treate...
- 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...
- Reliance Communications shares extend rally; soar 20%The balance debt in RCom is expected to be approximately Rs 6,000 crore only.
- RCom falls 5% as operator makes no payment to lendersIn a regulatory filing, the telecom operator said that is in standstill period till December 2018 pursuant to the SDR.
- Reliance Communications says not paying interest or principal due to standstill pactAccording to a media report, the interest payment of about $9.75 million for Rcom's $300 million 6.50 percent notes maturing November 2020 ...
- RCom, GCX ratings unaffected by debt restructuring plan: FitchRcom said it has made a comprehensive "debt resolution plan to its domestic and foreign lenders".
- GTL Infra’s lenders bar Reliance Capital arm from bidding for its tower assetsThe bankers at the JLF expressed concerns over Reliance Capital’s intention to buy GTL Infra, given that its parent group is exiting the te...
- GTL Infra, GTL not in default of debt repayment: Chairman Manoj TirodkarMost of the revenue and operating profit was accruing from the struggling GTL Infra, which provides towers to telecom companies.
- Restructured debt shot up 52% to Rs 2.29 lakh crore in FY13: RBIThere was a 52% jump in restructured loan amount under corporate debt restructuring in past fiscal to Rs 2.29 lakh crore from Rs 1,50,500 c...
- Tulip Telecom posts Rs 656 cr loss, shares fall by nearly 5 pcTulip Telecom on Friday reported a consolidated net loss of Rs 656.59 crore for the quarter ended March 31, 2013.
- Tulip Telecom gets formal approval for CDR proposalTulip Telecom today said it has received formal approval for restructuring its debt by the Empowered Group of the CDR Cell.
- Gammon India referred to CDR, Tulip Telecom's CDR approvedGammon India has been referred to the CDR cell for its debt of Rs 9,000 cr, while Tulip has got restructuring proposal for debt of Rs 2,200...
- Banks agree to recast Tulip Telecom's Rs 3,000 crore debtTulip Telecom failed to repay their outstanding foreign currency convertible bonds worth $140.17m, including a premium of $43 million in Se...
- Tulip Telecom locked in upper circuit on debt recast talksTulip Telecom Ltd surged nearly 5 per cent to Rs 34.30 on Tuesday and was locked in its upper circuit limit.
- Trend has turned positive for the markets: Ashu Madan, Religare SecuritiesI have been saying that the technical levels or fundamentals, whether everything is ‘priced-in or not’, are not that important. It is the t...
- GTL, GTL Infra shares surge in weak marketShares of GTL Ltd surged by 9.86 per cent to Rs 39.55 on the BSE, while GTL Infra jumped 7.78 per cent to an early high of Rs 9.55.
- Telecom Italia to cut 4,000 more jobs; sell 3 bn euro assetsTelecom Italia will slash more 4000 jobs and sell assets worth 3 billion euro following its restructuring and growth plan.
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