Mon, Nov 20, 2017
RCom continues to face pressure from investors and analysts due to it’s heavy losses, net debt and rating downgrades. The company's total debt stood at Rs 45,000 crore by end of Q2FY18.
More >
Tue, Nov 07, 2017
Anil Ambani-led Reliance Communications (RCom) today said the company is not paying interest or principal amount for the time being to any lenders or its bondholders in view of the strategic debt restructuring scheme and consequent standstill period till December 2018.
Tue, Jun 06, 2017
On June 2, Anil Ambani led RCom, addressing a press conference, said that the company presented its debt payment plan to its lenders who approved it given the company time till December 2017 to pay the loans due.
Fri, Jun 02, 2017
KEY HIGHLIGHTS:
Reliance Communication reported a loss of Rs 948 crore in Q4FY17, hit by intense price war among telecom operators after Jio's entry.
Thu, Jun 01, 2017
After ICRA and Moody's, now Fitch Ratings downgraded Reliance Communications to CCC.
Wed, May 31, 2017
RCom, controlled by billionaire Anil Ambani, has traditionally relied on short-term debt and covenant waivers from its banking relationships, but if these waivers are not received it could impact RCom`s $300 million bondholders "significantly", Moody`s said.
Sun, May 28, 2017
Anil Ambani owned telecom company RCom has reported a loss of Rs 948 crore for the fourth quarter (Q4) ended on March 31, 2017 on back of intense price war in the telecom sector due to the entry of Reliance Jio which has hurt the profitability and income of the company.
Thu, Jan 26, 2017
Annalisa Di Chiara a Moody's Vice President and Senior Credit Officer said,”The downgrade primarily reflects our expectation that RCom's leverage, as measured by consolidated debt/EBITDA (including Moody's adjustment for spectrum liabilities) will remain above 7x over the next 6-9 months while the company pursues regulatory, shareholder and debt holder approvals for its announced restructuring, including the de-merger of its wireless business and sale of its tower assets.”
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
![Despite getting debt payment relief, Moody's keep "negative" outlook for RCom](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/06/06/19954-anil-ambani3-ians.JPG?itok=ne-kL4yK&c=d57f7e544e835948d0cd107f1ac76f6d "Despite getting debt payment relief, Moody's keep "negative" outlook for RCom")
