Search Results for: RCom

RCom to sell DTH arm Reliance BIG TV to reduce debt

The company said that following the change of ownership, services to its 1.2 million subscribers and continuity for about 500 employees of Reliance BIG TV won't be interrupted in any manner.

Nov 29, 2017

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China Development Bank files insolvency suit against debt-ridden Reliance Communication

Earlier, RCom's operational creditors Ericsson India and Manipal Tech have already filed bankruptcy petitions against the telecom company as dues were not cleared.

Nov 28, 2017

Reliance Communications and Aircel lash out at rivals for causing them 'irreparable damage' with false advertising

RCom and Aircel have now accused Bharti Airtel, Vodafone and Idea Cellular of trying to poach its customers through false advertising.

Nov 18, 2017

More trouble brewing? Aircel defaults on debt repayment amid reports of possible shutdown

Aircel has been failing to meet its loan repayment deadlines, due to which its account has been tagged as SMA1 (payment overdue between 31-60 days) by the State Bank of India and other lenders.

Nov 17, 2017

75,000 mass layoffs in India's telecom sector in one year, more exits in future

Now, only 75 percent of the workforce remains in the telecom sector from a year ago and more exits are also expected to take place in the future.

Nov 15, 2017

India's 17,000 kilometre-long submarine cable system to answer China's Belt and Road Initiative

GCX, a Reliance Communications subsidiary, preps a 16,650km-long submarine cable system connecting Hong Kong and Italy.

Nov 9, 2017

Aircel may have to shut down after merger talks with Reliance Communications fail to yield results

Aircel may also now have to shut down its business, as a court order has prevented it from selling its 2G and 3G spectrum. The mobile operator does not own a 4G spectrum.

Nov 7, 2017

RCom unofficially shuts its voice calling business leaving lakhs of users fuming

RCom had also called off merger plans with Aircel citing regulatory delays and opposition from some creditors - a deal which would have helped it to pay its debts.

Nov 4, 2017

Slowdown in telecom sector puts 100,000 jobs at risk; is Bharti Airtel first to face the heat?

Facing the heat of the economic slowdown, Bharti Airtel has reportedly reduced its headcount by 1,805 employees in India in the last one year.

Nov 1, 2017

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1,000 to 1,200 RCom workers to get laid off as company shuts most wireless businesses

The company has communicated to its employees that their last working day will be November 30.

Oct 26, 2017

You can always go home: Reliance Communications to re-absorb 4,000 staffers after Ericsson deal debacle

RCom and Ericsson decided to sever ties over non-payment of dues to the latter, amounting to approximately Rs 1,150 crore and now 4,000 employees are set to rejoin Reliance Communications.

Oct 11, 2017

RCom in tight spot as tower operators cut services citing pending dues

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.

Oct 6, 2017

Anil Ambani flags 'creative destruction' of telecom sector

Sector under stress, and banks are not lending he says, pointing out that many operators have seen value erosion and large losses over the past year.

Sep 26, 2017

Volkswagen-Skoda, Volkswagen-Tata tie up

Volkswagen Skoda on look out for partnerships to build low-cost cars after Tata deal falls through

Earlier, Tata Motors and Volkswagen called off talks to develop cars five months after the announcement of a possible deal.

Sep 15, 2017

Ericsson India files insolvency case against Reliance Communications

Reliance Communications said that it plans to challenge the insolvency petitions.

Sep 14, 2017

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