The National Company Law Appellate Tribunal (NCLAT) will hear the interim prayer of Reliance Communications (RCom) on Wednesday after the bench headed by chairman Justice S J Mukhopadhaya suggested that the parties...
Baba Ramdev’s Patanjali ties up with BSNL, launches Swadeshi Samriddhi SIM cards
After becoming India’s most trusted Fast Moving Consumer Goods brand, Yoga guru Baba Ramdev’s Patanjali on Sunday entered the telecom sector. At an event, Baba Ramdev launched Swadeshi Samriddhi SIM cards...
Lenders to oppose NCLT decision to start RCom bankruptcy proceedings
Reliance CommunicationsNSE 3.92 % (RCom) said its lenders will oppose the insolvency court’s decision to start bankruptcy proceedings against the debt-laden telco at a hearing in the appellate tribunal scheduled on...
MTNL debt, difference in pay scales impede merger: BSNL Head
Bharat Sanchar Nigam (BSNL) feels a merger with MTNL will be positive for both the companies, but there are a few impediments like the latters huge debt and the difference between pay scales which need to be sorted out...
Negotiations between RCom, Ericsson hit new hurdle
Negotiations between Reliance Communications and Ericsson over the payment of pending dues have hit a fresh hurdle, with neither side agreeing on a timeline, even as experts said changes in the insolvency law may come...
DoT clears Rs 4,000 crore Idea-ATC mobile tower sale deal
The telecom department (DoT) on Thursday cleared IdeaNSE 2.64 % Cellular’s sale of nearly 9,000 standalone towers to a local arm of American Tower Corp (ATC) for Rs 4,000 crore. A top DoT official told ET the “Idea-ATC...
RCom confirms NCLAT move against insolvency order
Reliance CommunicationsTuesday confirmed that it has moved the National Company Law Appellate Tribunal (NCLAT) against the lower court’s order on beginning insolvency proceedings against the company and its two...
NCLT appoints IRPs for Reliance Communications, units; share slumps
The insolvency tribunal has named three separate interim resolution professionals (IRP) from RBSA Restructuring Advisors LLP to run Reliance Communications(RCom) and its two units, Reliance Telecom Ltd. (RTL) and...
Reliance Communications, Ericsson in talks to settle dues outside NCLT
Reliance CommunicationsNSE 13.11 % and Ericsson are in advanced talks to settle their dispute over the telco’s dues outside the insolvency and bankruptcy proceedings, said people aware of the matter, a move that drove...
Airtel to lay-off section of Telenor staff post-merger
A day after government approved its merger with telecom major Airtel, a section of Telenor India’s employees are facing lay-off. They got mails from Bharti Airtel asking them to attend a meeting with the HR officials to...
RCom’s insolvency jeopardises $3.7 bn deal; shares and bonds tumble
Shares and bonds of Reliance Communications Ltd. tumbled after an Indian tribunal ordered that the wireless carrier be placed in insolvency proceedings, jeopardizing its proposed $3.7 billion asset sale to Reliance Jio...
NCLT admits Ericsson’s plea; move could derail telco’s Rs 18,000-cr deal with Reliance Jio
An insolvency tribunal ordered bankruptcy proceedings against Reliance Communications on a petition filed by Ericsson, a development that could scupper the Anil Ambani-owned telco’s Rs 18,000-crore deal to pare debt by...
