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21-30 results from 308 for query «rcom»

4 May, 2018 5:14 PM Telcos' revenue dips 8.6% to Rs 2.55 lakh crore; govt collections from licence fee

The gross revenue for the sector stood at Rs 2.79 lakh crore in 2016. New Delhi: The telecom sector's gross revenue fell by 8.56 percent to Rs 2.55 lakh crore in 2017, resulting in a notable decline in government collections in form of licence fee and spectrum usage charges, showed data released by Trai today. Total collections for the government from licence 91

5 April, 2018 7:58 AM SC allows RCom to sell assets

RCom will soon approach NCLAT against the NCLT order for Tower sale. In a major relief to Anil Ambani led Reliance Communications (RCom), the Supreme Court on Thursday vacated a stay on RCom asset sales in favour of Swiss telecom equipment maker Ericsson granted by the Bombay High Court, paving the way for $3 billion sale of RCom assets to Mukesh Ambani 79

23 March, 2018 5:10 PM Telecom subscribers base slips 1.32% to 117.50 crore in January 2018: Report

New Delhi: India's telecom subscriber base dipped to 117.5 crore at the end of January with smaller operators losing bulk of their customers, as per the monthly report released by Telecom Regulatory Authority of India (TRAI) on Friday. "The number of telephone subscribers in India declined from 1,190.67 million at the end of December 2017 to 1,175.01 million 188

22 March, 2018 4:33 PM SC directs RCom to maintain ‘status quo’ on asset sale to Jio

The Supreme Court on Thursday directed Reliance Communications (RCom) to maintain ‘status quo’ on the sale of its assets to buyers, including the Mukesh Ambani-led Reliance Jio. A bench, comprising Justices A.K Goel, R. F. Nariman and U. U. Lalit, refused to lift the stay on the sale of RCom’s assets ordered by the National Company Law Tribunal (NCLT) 72

22 March, 2018 8:02 AM Supreme Court orders status quo in RCom's asset sale to Reliance Jio

SBI had yesterday moved the apex court challenging a tribunal's order, which was upheld by the Bombay High Court, allowing Ericsson to stake a claim on RCom Consolidated's assets. The Supreme Court today ordered that status quo be maintained on Reliance Communication's sale of assets to R-Jio on pleas by a consortium of banks. The apex court bench, comprising 192

21 March, 2018 5:16 PM RCom gets bondholders’ nod for sale of assets to Jio

Holders of debt-laden telecom operator’s $300 million bonds also approve the partial release of noteholder collateral Reliance Communications Ltd. (RCom) said on Wednesday its bondholders had approved their asset-sale plan, that includes the sale of certain assets to upstart rival Reliance Jio Infocomm Ltd. RCom also got approval for the partial release 57

9 March, 2018 7:18 AM RCom’s plans to sell infra assets to Jio get CCI nod

The proposed mega deal for the sale of debt-laden Reliance Communications’ (RCom) infrastructure assets to Reliance Jio is learnt to have received the approval of the anti-trust regulator CCI, according to sources. The proposal has got a green signal from the Competition Commission of India (CCI), two people familiar with the development said. In December 66

6 March, 2018 5:23 PM RCom’s telecom asset sale to R-Jio faces legal hurdle

NCLT restrains Anil Ambani firm based on Ericsson petition Anil Ambani-led Reliance Communications’ deal to sell its telecom assets to Mukesh Ambani’s Reliance Jio has run into a hurdle after the National Company Law Tribunal (NCLT) restrained RCom from disposing off or transferring any assets. Reliance Jio had agreed in December to buy debt-laden RCom’s 61

28 February, 2018 1:01 PM Aircel Files for Bankruptcy on Debt, Mounting Losses

Indian mobile carrier Aircel has filed for bankruptcy, it said on Wednesday, pressured by a high debt pile and mounting losses following a price war triggered by a telecom upstart. Talks between Aircel, 74 percent owned by Malaysia's Maxis Communications Bhd, and Reliance Communications Ltd (RCom) to combine their wireless operations ended late 2017 due to regulatory 74

30 January, 2018 7:38 AM To be a restructured company by April 1; aim to bring down debt to Rs 7K cr: RCom

From April 1, it would be a restructured company without any legacy and hopefully RCom would be in black by then, said Punit Garg, Executive Director, Reliance Communications. Reliance Communications was soaring in trade on back of exit from consumer business resulting in sharp drop in loss. The current debt stands at Rs 38,000 crore and the sustainable 44