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The transactions are to be consummated subject to various approvals that are presently in progress. (2/2)
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RCOM and Reliance Jio Infocomm Ltd. have extended the validity of the agreements signed on 28th December 2017 for sale of Towers, Fiber, MCNs and Spectrum of RCOM and its affiliates to 28th June 2019. (1/2)
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RITL Minority Investors’ matter has also been adjourned to 22 January 2019. A copy of the detailed NCLAT order is awaited. (5/5)
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NCLAT has adjourned the Ericsson matter to 22 January 2019 to take into consideration the outcome of the decision of the Hon’ble Supreme Court, where the related matter is pending consideration. (4/5)
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We are sincerely hoping that DoT would comply with the order of the Hon’ble Supreme Court dated 14 December 2018—in letter and spirit—and grant the long-awaited NOC/consent. (3/5)
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The requirement of giving the Bank Guarantee as per DoT’s demand has been substituted by the orders of the TDSAT and the Hon’ble SC, with Reliance Realty providing a non-disposal undertaking and Corporate Guarantee. Hence, compliance with the Trading Guidelines is met. (2/5)
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Reliance Communications Limited, being a continuing licensee with the Department of Telecommunications (DoT), remains committed to discharge any outstanding or disputed amount subject to final adjudication. (1/5)
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Reliance Communications’ Asset Monetization proceeds as per plan (4/4)
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Proceeds to be used to clear the dues of Ericsson and RITL minority investors (3/4)
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DoT to approve Spectrum Trading this week (2/4)
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Reliance Communications’ subsidiary Reliance Realty issues corporate guarantee of Rs. 1,400 crore to DoT, as per order of the Hon’ble Supreme Court (1/4)
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“We will continue to operate and accelerate our business, delivering best-in-class and uninterrupted services to our enterprise customers": Bill Barney
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"We remain fully committed to our enterprise wireline business across India and globally": Bill Barney, CEO of RCOM and GCX
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Fiber & data center assets, with Cloud services connecting to major providers globally, continue to strengthen company’s leverage and industry position
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RCOM and Global Cloud Xchange Announce Strategic Transformation Plans Across India & Emerging Markets
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"Valuation of this development project, as per Independent Valuators, is estimated to be over Rs 25,000 crore", Anil D Ambani, Chairman
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"Reliance Realty will develop DAKC to create commercial space of 30 mn sq ft—this is equal to 75 Nariman Points or 10 new BKCs", Anil D Ambani, Chairman
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"RCOM’s wholly-owned subsidiary Reliance Realty owns and operates DAKC, a 133-acre registered ‘IT Park’ in Navi Mumbai", Anil D Ambani, Chairman
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"RCOM has obtained approval of 100 per cent Indian and foreign lenders on its Asset Monetisation Plan for overall debt resolution", Anil D Ambani, Chairman
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"Employment in the sector has halved over the last two years— hyper-competition has led to over 20 lakh job losses", Anil D Ambani, Chairman
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