|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||13.35 - 13.95|
|52-week range||9.60 - 41.00|
|PE ratio (TTM)||4.93|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Reliance Communications Ltd., the Indian mobile phone operator that defaulted on dollar bonds last week in the highest-profile debt failure since the country’s new bankruptcy code was passed, faces risks ...
Rating agency Moody's said on Friday it has withdrawn its credit rating on Reliance Communications, as it considers the Indian telecom operator to be in default for missing an interest payment on its bonds that was due last week. Debt-laden Reliance Communications posted a fourth straight quarterly loss last week and said it had failed to pay interest on some debentures, sending its shares tumbling. "Moody's has withdrawn the ratings as a missed scheduled payment of either interest or principal is considered a default under Moody's definitions," the rating agency said in a note.
Indian mobile carrier Aircel Ltd has delayed servicing its debt obligations, a ratings agency said, adding to the woes of the country's telecoms sector that has been rattled by a price war and high debt levels. CARE Ratings downgraded unlisted Aircel's long-term bank facilities, which it said was at 174.79 billion rupees ($2.7 billion). It was not immediately known how much the total debt was at Aircel, the sixth-ranked Indian mobile carrier by subscribers and 74 percent owned by Malaysia's Maxis Communications Bhd.
The first default on U.S. dollar bonds by an Indian company in 15 months may become a closely-watched test case for how international creditors will fare under the country’s new bankruptcy laws.
Shares and bonds in Reliance Communications, the struggling telecoms group run by billionaire tycoon Anil Ambani, plummeted to record lows on Monday after the company announced heavy losses over the weekend ...
India's Reliance Communications posted a fourth straight quarterly loss and said it failed to pay interest on some debentures, sending the debt-laden firm's shares tumbling 14 percent to a record low and its bonds down on Monday. The Anil Ambani-controlled telecom operator reported late on Saturday a quarterly loss of 27.09 billion rupees ($414.06 million), compared with a profit of 620 million rupees a year ago. Revenue nearly halved to 26.67 billion rupees, amid a price war started by upstart rival Reliance Jio, which is backed by Anil's elder brother Mukesh Ambani.
Reliance Communications Ltd., the embattled mobile phone operator controlled by Anil Ambani, slid to record lows in the stock and bond market Monday after saying over the weekend that it missed local debt ...
India’s richest man is muscling into the country’s highly competitive telecommunications market, and his first victim could be his own brother.
Reliance Communications Ltd., the Indian mobile phone operator controlled by billionaire Anil Ambani, said it isn’t paying a dollar bond coupon.
Bonds sold by Reliance Communications Ltd., the Indian mobile phone operator controlled by billionaire Anil Ambani, plunged to a record low after the company missed an interest payment.
REUTERS - Telecom operator Reliance Communications Ltd said on Monday it signed an agreement to sell its non-core Direct-to-Home business, in a bid to reduce debt load. Veecon Media & Television will buy ...
Lenders to embattled Reliance Communications Ltd. have bought themselves some time in taking provisions on $7 billion of debt, but still face an uphill struggle in turning around the phone company.
Reliance Communications Ltd. shares surged the most in more than two months after the phone operator announced plans to sell down assets and offered to convert debt into a majority stake in the company....
Shares in embattled wireless carrier Reliance Communications Ltd (RLCM.NS) rose more than 10 percent in early trade on Tuesday after the company presented a new debt repayment plan to its lenders. It also pledged to repay another 100 billion rupees from sale or commercial development of its real estate assets. Under a central bank debt restructuring plan, its lenders will also swap 70 billion rupees of the loans to take a 51 percent stake in the company commonly called as Rcom.
Debt-laden Indian telecoms company Reliance Communications Ltd has agreed a new debt repayment plan with lenders, including a pledge to raise up to 170 billion rupees ($2.6 billion) by selling assets such as mobile towers, it said on Monday.RCom, as the company led by billionaire Anil Ambani is called, also said it would repay lenders an additional 100 billion rupees through the sale and commercial development of its real estate near Mumbai and in eight other cities. The announcement comes after the unravelling of its previous debt repayment plan, which had hinged on merging its mobile operations with rival Aircel and selling a 51 percent stake in its tower arm to Canada's Brookfield.
Debt-laden Indian telecoms network operator Reliance Communications Ltd (RCom) said on Wednesday it will concentrate on offering a 4G mobile broadband service in a bid to turn the heavily indebted business around. As part of the plan RCom said its 4G services will run through an existing deal to share radio spectrum with Reliance Jio, the 4G network owned by Reliance Industries which sparked a price war when it opened for business last year. Reliance Industries is controlled by Mukesh Ambani, the older brother of RCom's main owner Anil Ambani.
Billionaire Kumar Mangalam Birla, whose Idea Cellular Ltd. is poised to become India’s top carrier, sees only a handful of businesses surviving a price war roiling the world’s second largest telecom market....
Reliance Communications said on Wednesday it had applied to a tribunal to withdraw a plan to spin-off its towers business, as a first step towards renegotiating the deal after ending plans to merge its wireless business with a rival. As part of plans to cut its heavy debt load, RCom hadagreed to sell a 51 percent stake in the tower arm to Canada'sBrookfield for 110 billion rupees ($1.7 billion). Ithad also planned to combine its wireless business with that of rival Aircel.
Reliance Communications is reworking a planned $1.7 billion stake sale in its tower assets after scrapping a proposed merger of its wireless arm with smaller rival Aircel, as its shares tumbled to an all-time low. RCom, as the company is known, said it is in talks with Canada's Brookfield to sell all of its tower arm, instead of a 51 percent stake sale agreed previously, Business Standard and Hindu Business Line newspapers reported, citing Punit Garg, an executive director at the Indian telecoms carrier.
Reliance Communications Ltd.’s shares plunged to a record low after the company aborted a plan to merge with Aircel Ltd., dealing a blow to the Indian mobile phone carriers’ plans to pare debt and gain ...
Mumbai, Oct 2 (IANS) Reliance Communications (RCOM) on Monday announced the expansion of its board of directors by inducting four senior executives. According to RCOM, the decision was taken by its Board ...