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Tower companies pare service to RCom on rental defaults - Economic Times

MUMBAI: Tower companies have started taking action against Reliance Communications for pending rentals, with most reneging on service level agreements (SLA) that mandate them to maintain the towers for over 99.5% of the time. Tower companies aren't ...and more »

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 TV Ltd ...and more »

Tower firms start switching off RCom over unpaid dues - domain-B

Tower companies have started taking action against Reliance Communications Ltd for unpaid rentals, with most even refusing to honour service level agreements (SLAs) that require them to maintain the towers for over 99.5 per cent of the time, The ...and more »

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

Insolvency case: Ericsson moves NCLT against RCom to get Rs 1,154 cr dues RCom shares, bonds fall after Ericsson's insolvency petition RCom to challenge Ericsson's insolvency petition NCLT initiates insolvency proceedings against Orchid Pharma NCLT ...and more »

NCLT to hear Ericsson's RCom insolvency petition on November 9 - Economic Times

MUMBAI: The National Company Law Tribunal (NCLT) will hear on November 9 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 NCLT under ...and more »

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. Bankers said they will continue with the existing strategic debt restructuring ...and more »

Tech Mahindra files insolvency petitions against Reliance Communications - Livemint

Mumbai: Tech Mahindra Ltd has filed three cases against Reliance Communications Ltd (RCom) and two of its subsidiaries—Reliance Telecom Ltd and Reliance Big TV Ltd—in the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code ...and more »

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

Information technology major Tech Mahindra has filed three cases against Reliance Communications and two of its subsidiaries in the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), Mint reported on Friday. The ...and more »

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

Anil Ambani-owned Reliance Communications' (RCom) business is in deep trouble with more and more tower companies snapping business ties because of pending rentals. Some of the tower companies are even breaking service level agreements (SLA) with RCom ...and more »

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 ...and more »