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Bankrupt telco Reliance Communications<\/a>, which is undergoing insolvency proceedings, has failed to attract any buyers for its non-core assets it put on sale earlier this year. In March, the company through its appointed resolution professional had informed the Bombay Stock Exchange that the committee of creditors had approved the sale of certain non-core assets of RCom<\/a>. Expression of interest was invited by April 17.

These assets included land in Pune (871.1 sq metres) and Chennai (3.44 acres); offices in Chennai's Haddows Road and Bhubaneswar; and shares of Campion Properties Ltd and Reliance Realty.

However, the company failed to attract interest, resulting in the extension of the deadline for submitting interest to bid multiple times, the latest being June 27. Sources in the know reveal that once again, there have been no takers for these properties.

There is no clarity on what the company intends to do next. It was to approach the National Company Law Tribunal (
NCLT<\/a>) for approval of sale of said assets on July 20, but with no interested parties, it does not seem likely.

Mails sent to resolution professional Anish Nanavaty on the matter did not elicit any response till press time.

Experts believe that the lack of interest in the assets up for sale could be because of uncertainty related to what these properties and companies may be attached to, and the fact that the sale of the assets is subject to NCLT approval.

Sources also reveal that the company contemplated selling its enterprise business as well. However, the business, which is running with a skeletal team, according to those in the know, depends heavily on bulk voice and messaging services. The enterprise offerings by
telcos<\/a> have advanced to include advanced products using data, internet messaging, and ad solutions. Hence analysts believe that this too is unlikely to attract any meaningful buyers.

Reliance Group’s IoT<\/a> (Internet of Things) business - Unlimit, which it set up in late 2016 in partnership with Cisco Jasper<\/a>, shut shop last year. Its chief executive Juergen Hase left the company in January 2021 after his contract tenure expired.

This is the latest impediment faced during the corporate insolvency resolution process that RCom is undergoing. Already the process is stuck due to litigation. Meanwhile, those in the know reveal that the assets to be sold continue to depreciate.

One of the key assets in the process is the spectrum owned by RCom. However, the company is embroiled in a battle regarding this as the Department of Telecommunications has argued that since spectrum is a national resource, it cannot be sold as part of the insolvency proceedings.

Additionally, the company’s telecom licence expired last year, which means it does not have the right to use the spectrum it owns. Once the company loses the right to spectrum, the asset (spectrum) has little to no value, say analysts.

Its other assets—the towers and underground fibre (under Reliance Infratel), which were to be sold to Reliance Projects and Properties Management Services, are also in a limbo since the State Bank of India declared Reliance Infratel’s accounts as fraudulent. This led to Jio filing an application seeking the forensic audit reports on which the accounts were declared fraudulent. SBI has since then removed the fraudulent tag from RITL accounts. The resolution plan in this case amounted to Rs 4,400 crore.

Analysts say the value of the towers will also depreciate over time, especially if not maintained. An executive in the know said some of the towers have fallen into rust and are unviable for use before a thorough repair while some may even have to be re-erected.
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信实电信为非核心资产未能吸引买家

这些资产包括土地在浦那(871.1平方米),钦奈(3.44亩);办公室在钦奈haddow一起喝的道路和布巴内斯瓦尔;剪秋罗属植物属性有限公司的股票和不动产的依赖。

  • 更新于2022年7月5日07:20点坚持
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破产电信信实电信正在进行破产程序,未能吸引任何买家的非核心资产在今年早些时候发售。今年3月,该公司通过其任命决议专业已经通知孟买证交所,债权人委员会已经批准的某些非核心资产的销售信实电信。表达式的兴趣被邀请在4月17日。

这些资产包括土地在浦那(871.1平方米),钦奈(3.44亩);办公室在钦奈haddow一起喝的道路和布巴内斯瓦尔;剪秋罗属植物属性有限公司的股票和不动产的依赖。

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然而,该公司未能吸引兴趣,导致延长最后期限提交多次报价,最新的6月27日。知道的消息显示,再一次,没有人对这些属性。

没有明确下一步公司打算做什么。这是接近国家公司法法庭(NCLT)批准出售资产7月20日说,但没有感兴趣的,它不可能。

邮件发送到解决专业西班牙Nanavaty对此事没有引起任何反应,直到截稿时间。

专家认为,缺乏兴趣的资产出售可能是因为这些属性和公司相关的不确定性可能会附加到,事实上,资产的出售NCLT批准。

消息人士还透露,该公司计划出售其企业业务。然而,业务运行与骨骼团队,根据那些知道,在很大程度上依赖于语音和消息传递服务。企业发行电信公司已经发展到包括先进的产品使用数据、互联网通讯、和广告解决方案。因此,分析人士认为,这也是不太可能吸引任何有意义的买家。

信实集团物联网(物联网)业务——Unlimit,它成立于2016年末在伙伴关系思科碧玉去年,关闭商店。其首席执行官于尔根·哈泽离开了公司的合同任期到期后2021年1月。

广告
这是最新的企业破产的决议过程中面临的障碍,信实电信正在经历。这个过程已经由于诉讼。与此同时,那些知道揭示资产出售继续贬值。

在这个过程的一个关键资产是信实电信旗下的频谱。然而,该公司卷入一场关于这个电信部门认为,由于光谱是一个国家的资源,它不能被销售作为破产程序的一部分。

此外,该公司的电信牌照于去年到期,这意味着它没有正确的使用频谱。一旦公司丧失权利范围,资产(频谱)已经没有价值,分析人士说。

其他数以塔和地下纤维(Reliance鼓吹下),它被卖给依赖管理服务项目和属性,也在地狱,因为印度国家银行宣布鼓吹他的账户欺诈的依赖。这导致Jio寻求司法审计报告提交申请的账户被宣布欺诈。印度国家银行已经从那时起虚假标签从RITL帐户删除。解决方案在这种情况下达到4400卢比。

分析师表示,塔的价值随着时间的推移也会贬值,特别是如果不维护。知道的一位高管说,一些塔已陷入生锈和不可行的使用前彻底修复一些甚至可能必须re-erected。
  • 发布于2022年7月5日07:10点坚持
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<\/span><\/figcaption><\/figure>
Bankrupt telco Reliance Communications<\/a>, which is undergoing insolvency proceedings, has failed to attract any buyers for its non-core assets it put on sale earlier this year. In March, the company through its appointed resolution professional had informed the Bombay Stock Exchange that the committee of creditors had approved the sale of certain non-core assets of RCom<\/a>. Expression of interest was invited by April 17.

These assets included land in Pune (871.1 sq metres) and Chennai (3.44 acres); offices in Chennai's Haddows Road and Bhubaneswar; and shares of Campion Properties Ltd and Reliance Realty.

However, the company failed to attract interest, resulting in the extension of the deadline for submitting interest to bid multiple times, the latest being June 27. Sources in the know reveal that once again, there have been no takers for these properties.

There is no clarity on what the company intends to do next. It was to approach the National Company Law Tribunal (
NCLT<\/a>) for approval of sale of said assets on July 20, but with no interested parties, it does not seem likely.

Mails sent to resolution professional Anish Nanavaty on the matter did not elicit any response till press time.

Experts believe that the lack of interest in the assets up for sale could be because of uncertainty related to what these properties and companies may be attached to, and the fact that the sale of the assets is subject to NCLT approval.

Sources also reveal that the company contemplated selling its enterprise business as well. However, the business, which is running with a skeletal team, according to those in the know, depends heavily on bulk voice and messaging services. The enterprise offerings by
telcos<\/a> have advanced to include advanced products using data, internet messaging, and ad solutions. Hence analysts believe that this too is unlikely to attract any meaningful buyers.

Reliance Group’s IoT<\/a> (Internet of Things) business - Unlimit, which it set up in late 2016 in partnership with Cisco Jasper<\/a>, shut shop last year. Its chief executive Juergen Hase left the company in January 2021 after his contract tenure expired.

This is the latest impediment faced during the corporate insolvency resolution process that RCom is undergoing. Already the process is stuck due to litigation. Meanwhile, those in the know reveal that the assets to be sold continue to depreciate.

One of the key assets in the process is the spectrum owned by RCom. However, the company is embroiled in a battle regarding this as the Department of Telecommunications has argued that since spectrum is a national resource, it cannot be sold as part of the insolvency proceedings.

Additionally, the company’s telecom licence expired last year, which means it does not have the right to use the spectrum it owns. Once the company loses the right to spectrum, the asset (spectrum) has little to no value, say analysts.

Its other assets—the towers and underground fibre (under Reliance Infratel), which were to be sold to Reliance Projects and Properties Management Services, are also in a limbo since the State Bank of India declared Reliance Infratel’s accounts as fraudulent. This led to Jio filing an application seeking the forensic audit reports on which the accounts were declared fraudulent. SBI has since then removed the fraudulent tag from RITL accounts. The resolution plan in this case amounted to Rs 4,400 crore.

Analysts say the value of the towers will also depreciate over time, especially if not maintained. An executive in the know said some of the towers have fallen into rust and are unviable for use before a thorough repair while some may even have to be re-erected.
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