Telecom tower cos face pressure due to ailing Reliance Communications - Telecom Lead (blog)

Reliance Communications subscriber base Reliance Communications is facing pressure from some of the telecom tower companies including Indus Towers, GTL, American Tower Company, Bharti Infratel, etc. to clear pending payments for using their cellular ...

RCom debt plan thrown into doubt - Nasdaq

SINGAPORE, Oct 6 (IFR) - Reliance Communications' move to cut US$3.8bn from its US$7bn debt burden has been thrown off course due to the cancellation of two deals central to the plan, causing a further sharp slide in its offshore bonds. RCom's ...

Telecom sector is the new IT industry? 100000 jobs may face the axe - International Business Times, India Edition

As per estimates, about 25,000 telecom employees have been affected by the slowdown in the past few months and thousands of others may soon be shown the doors. VS · Vanilla Sharma. October 6, 2017 15:30 IST. IT majors to lay off at least 56,000 ...

HSBC maintains underweight recommendation on RCom - Economic Times

Global investment bank HSBC has maintained its underweight fundamental recommendation on Reliance Communications due to its weakening credit metrics, including elevated debt level and declining profitability. In a report today, HSBC said it does not ...

RCom in tight spot as tower operators cut services citing pending dues - International Business Times, India Edition

Reliance Communications owes GTL and its unit CNIL about Rs 95 crore and Rs 20 crore to Rs 25 crore each to ATC and Bharti Infratel. no photo · Himadri Ghosh. October 6, 2017 14:33 IST. reliance communications, anil ambani, rcom debt default, rcom ...

NCLT to hear Ericsson's RCom insolvency petition on November 8 - Economic Times

MUMBAI: The National Company Law Tribunal (NCLT) will hear on November 8 the case on whether Ericsson's insolvency petition against Reliance Communications (Rcom) should be accepted. On September 11, Ericsson had filed for insolvency in the ...

Tech Mahindra files insolvency cases against RCom and 2 of its subsidiaries - Moneycontrol.com

The petitions are yet to be admitted and the cases will be heard on October 9. Tech Mahindra files insolvency cases against RCom and 2 of its subsidiaries. Moneycontrol News. Information technology major Tech Mahindra has filed three cases against ...

NCLT to hear Ericsson India's insolvency petition against RCom - Business Standard

Ericsson's Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing in September. The Swedish telecoms equipment maker, ...

Tower operators reducing service to Reliance Communications - Economic Times

MUMBAI: Tower companies have started taking action against Reliance Communications for pending rentals, with most even reneging on service level agreements (SLA) that mandate them to maintain the towers for over 99.5% of the time. Tower companies ...

Tech Mahindra has filed an insolvency petition against RCOM - MediaNama.com

Tech Mahindra Ltd. has filed cases under the Insolvency and Bankruptcy Code (IBC) against the Anil Dhirubhai Ambani Group's (ADAG) telecom arm Reliance Communications (RCOM), and its subsidiary companies Reliance Telecom Ltd. and Reliance Big ...

Reliance Infrastructure responds to downgrade by India Ratings - Ultra News

Reliance Infrastructure said it disagreed with the decision by India Ratings, a unit of Fitch, to downgrade its debt over delays in equity infusion and monetization of assets. “The Company respectfully disagrees with the views of India Ratings,” it ...

Debt hit Anil Ambani led Reliance Communications gets some relief, but deadline beckons - Financial Express

Lenders to Reliance Communications (RCom) have given the loss-making telecom operator two months to rope in new investors and finalise a plan to reduce its massive debt. By: FE Bureau | Mumbai | Published: October 6, 2017 4:12 AM. 0. Shares.

Banks reluctant to convert RCom debt to equity under SDR - DeathRattleSports.com

Mumbai: Lenders to Reliance Communications Ltd (RCom) are reluctant to convert their debt into equity if the company doesn't provide strong visibility on how it plans to reduce debt before December, three bankers aware of the matter said. RCom's big ...

100000 jobs at risk: Pink slips on the rise across telcom firms - Business Standard

After decline in profitability and piling debts, the telecom sector is in the middle of a large-scale layoff. Estimates suggest more than 25,000 direct employees across telcos may have been hit over the past few months and that several more thousand ...

Tech Mahindra files insolvency petitions against 3 Reliance ADAG firms - The Indian Express

Tech Mahindra, Reliance, Reliance Anil Dhirubhai Ambani Group, Dhirubhai Ambani, National Company. Tech Mahindra and the three ADAG firms had signed a two-year service agreement in 2015. Top News. VIDEO: CCTV footage shows 'ghost' creating ...

Half of RCom's spectrum in two bands set to expire in 2021: CLSA - DeathRattleSports.com

New Delhi: Reliance Communications Ltd (RCom)'s plan to monetize its spectrum assets and pare debt has little chance of succeeding as about 50% of the company's 800MHz and 1800MHz spectrum is set to expire in 2021. The Anil Ambani-controlled ...

Tech Mahindra files insolvency petitions against Reliance Communications - Livemint

Reliance Communications owes Rs3.6 crore and Reliance Telecom owes Rs3 crore to Tech Mahindra. Reliance Big TV owes Rs1.5 crore to the IT firm. Photo: Hemant Mishra/Mint. Mumbai: Tech Mahindra Ltd has filed three cases against Reliance ...