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RCom股价再次暴跌;债券评级下调造成了伤害
信实通信(Rcom)的股价在午盘交易中下跌超过7%
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“除非发起人注入足够的资金，否则政府不会入股沃达丰Idea”
官员们告诉《印度经济时报》，发起人——英国沃达丰公司和Aditya Birla集团——表示愿意向电信公司注入大约200 - 300亿卢比，这不足以重振该公司。
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孟买:股票信诚通讯(信实电信)在午盘交易中暴跌逾7%护理而且ICRA基于该电信运营商在印度电信市场面临的压力，下调了该公司债券的评级。RCom股价在过去8个交易日下跌超过18%，周三中午下跌7.32%，至每股25.85卢比。
CARE在其报告中表示，降级是由于穆凯什•安巴尼拥有Reliance Jio对Rcom操作风险概况的影响。美国援外社已给予该公司“信用观察与发展影响”评级。
一家媒体报道称，截至香港时间下午12点25分，Rcom发行的3亿美元票面利率为6.5%的债券下跌18美分，至64.7美分。本周到目前为止，它已经下跌了36美分。该债券将于2020年6月到期。
RCom在给证券交易所的一份声明中表示:“Reliance Communications Limited发行的6.5%优先担保票据(债券)的半年利息已于2017年5月8日按时到期支付。该债券目前没有未偿付的到期款项。公司将继续在各自的到期日支付利息，债券将在2020年11月6日到期日偿还。”
该电信公司正在完成与Aircel和MTS的合并，正在大举减债，并正在签署合并协议，以减轻其国库的负担。去年12月，该公司与加拿大布鲁克菲尔德集团(Brookfield Group)签署了一项协议，以1.1亿卢比的价格出售其塔部门Reliance Infratel 51%的股份。
![\"RCom](\"https:\/\/st.etb2bimg.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
MUMBAI: Shares<\/a> of Reliance Communications (Rcom<\/a>)\u200b slumped over 7% in mid-day trade, after CARE<\/a> and ICRA<\/a> downgraded ratings of the telecom operator\u2019s bonds based on the pressure it faces in Indian telecom market.\u200bThe RCom stock, which has dropped over 18% in the last eight trading sessions, was down by 7.32% at Rs 25.85 a piece on Wednesday noon.
CARE in its report said the downgrade was the result of Mukesh Ambani<\/a> owned Reliance Jio\u2019s impact on operational risk profile of Rcom. CARE has given the rating of Credit Watch with Developing Implications\u2019 to the company.
<\/div><\/div>\u2018The high debt levels of RCOM coupled with lower cash accruals and imminent repayment obligations had increased the stress on the financial risk profile leading to stretched liquidity profile and deteriorating debt coverage indicators,\u2019 CARE said in its report. It added the profitability of Rcom will continue to be under stress in the medium term.
A media report said that Rcom\u2019s $300 million bond , which has a coupon rate of 6.5% fell 18 cents on the dollar to 64.7 cents as of 12.25 pm in Hong Kong. It has plunged 36 cents so far this week. The bond is due for maturity in June 2020.
\u200bIn a statement to the stock exchanges, RCom said, \"Half yearly Interest Payment on 6.5% Senior Secured Notes (Bonds) issued by Reliance Communications Limited, was paid on time and on due date on 8th May 2017. There are no outstanding payments due on said Bonds at present. The Company will continue to pay interest on respective due dates and the Bonds will be repaid on due date i.e. November 6, 2020.\"
The telco, that is in the middle of completing its merger with Aircel and MTS, is on a massive debt reduction spree and is inking merger deals to reduce the burden on its coffers. Last December, it signed a deal with Canada-based Brookfield Group to sell a 51% stake in its tower unit, Reliance Infratel, for Rs 11,000 crore.<\/div><\/div>
A media report said that Rcom\u2019s $300 million bond , which has a coupon rate of 6.5% fell 18 cents on the dollar to 64.7 cents as of 12.25 pm in Hong Kong. It has plunged 36 cents so far this week. The bond is due for maturity in June 2020.
\u200bIn a statement to the stock exchanges, RCom said, \"Half yearly Interest Payment on 6.5% Senior Secured Notes (Bonds) issued by Reliance Communications Limited, was paid on time and on due date on 8th May 2017. There are no outstanding payments due on said Bonds at present. The Company will continue to pay interest on respective due dates and the Bonds will be repaid on due date i.e. November 6, 2020.\"
The telco, that is in the middle of completing its merger with Aircel and MTS, is on a massive debt reduction spree and is inking merger deals to reduce the burden on its coffers. Last December, it signed a deal with Canada-based Brookfield Group to sell a 51% stake in its tower unit, Reliance Infratel, for Rs 11,000 crore.<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","HashCode":{"minfo":"-252525099","minfoseo":"-252525099"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"key":{"0":{"keyid":"6368075","value":"RCom","smid":"0","keynameseo":"RCom","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"30335","value":"Shares","smid":"0","keynameseo":"Shares","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"3820","value":"Mukesh Ambani","smid":"0","keynameseo":"Mukesh-Ambani","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"6354972","value":"ICRA","smid":"0","keynameseo":"ICRA","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"49626","value":"Care","smid":"0","keynameseo":"Care","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":{"author":{"artau":"Devina Sengupta","aunameseo":"devina-sengupta","artauid":"479212895","artauemail":"devinasengupta@gmail.com","auFullName":"Devina Sengupta","pubname":"ET","designame":"Senior Assistant Editor","audetailsxml":{"authordetails":"I track the Telecom sector, tussles in India Inc's Business Houses and have reported on the Human Capital market for close to a decade. Now in the Telecom beat, I report on M&As, government policies, consumer behaviour and the legal battles involving investors, shareholders and companies. A degree in psychology and another one in journalism helps me break down a story and cover its impact from multiple perspectives. You can reach me on devina.sengupta@timesgroup.com and on Twitter - @DevinaET","details":{"detail":[{"@attributes":{"type":"occupation"}},{"@attributes":{"type":"beat"}}]}},"aulinksxml":{"links":{"link":{"twitter":[],"facebook":[],"googlePlusUrl":[],"contributorUrl":[]}}},"auagencyid":"88675387","auagencyname":"ET Bureau","autype":"GENERAL"}},"similarlytagged":[{"msid":"96274265","stname":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","artsyn":"In November, RCom that housed Anil Ambani-owned Reliance Group\u2019s telecom business, had said that Axis Trustee Services Ltd. had told the telco of its intention to invoke and sell 100% of equity shares in GIDC to a third party.","seolocation":"telecomnews\/axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans","seolocationalt":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","url_seo":"axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans"},{"msid":"95656883","stname":"NCLT clears Jio buy of Reliance Infratel","artsyn":"Jio, which is rolling out 5G networks starting with the metros and bigger cities and needs all the towers and fibre assets for the purpose, is to deposit Rs 3,720 crore in a State Bank of India (SBI) escrow account to complete the acquisition of bankrupt Reliance Communications\u2019 tower and fibre assets, people familiar with the matter said.","seolocation":"telecomnews\/nclt-clears-jio-buy-of-reliance-infratel","seolocationalt":"NCLT clears Jio buy of Reliance Infratel","url_seo":"nclt-clears-jio-buy-of-reliance-infratel"},{"msid":"95453659","stname":"RCom unit sold to third party for non-repayment of loans","artsyn":"RCom held 100% stake in GIDC through another subsidiary Reliance Webstore Limited (RWSL). In August 2016, RCom and Reliance Infratel Limited had taken loans Rs 565 crore and Rs 635 crore respectively from the State Bank of India. In September that year, the telco pledged 100% of its shareholding in GIDC to the bank against the loan.","seolocation":"telecomnews\/rcom-unit-sold-to-third-party-for-non-repayment-of-loans","seolocationalt":"RCom unit sold to third party for non-repayment of loans","url_seo":"rcom-unit-sold-to-third-party-for-non-repayment-of-loans"},{"msid":"95341787","stname":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","artsyn":"Accordingly, Jio has urged NCLT-Mumbai to issue directions to RTIL\u2019s financial creditors to provide the necessary no-dues-certificate to it to speed up the much-delayed RTIL bankruptcy resolution process.","seolocation":"telecomnews\/jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process","seolocationalt":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","url_seo":"jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process"},{"msid":"92681340","stname":"\u200bRCom fails to attract buyers for non-core assets","artsyn":"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.","seolocation":"telecomnews\/rcom-fails-to-attract-buyers-for-non-core-assets","seolocationalt":"\u200bRCom fails to attract buyers for non-core assets","url_seo":"rcom-fails-to-attract-buyers-for-non-core-assets"},{"msid":"85027660","stname":"Vodafone Idea lenders fret over \u2018too big to fail\u2019 telco giant","artsyn":"A day after Kumar Mangalam Birla\u2019s letter warning that Vodafone Idea (VIL) may reach an \u201cirretrievable point of collapse\u201d became public, banks are worried about the fate of the telecom major which, they say, is \u201ctoo big to fail\u201d.","seolocation":"telecomnews\/vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant","seolocationalt":"Vodafone Idea lenders fret over \u2018too big to fail\u2019 telco giant","url_seo":"vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant"},{"msid":"84585089","stname":"DoT can't revoke RCom's licenses for 10 more days: High Court","artsyn":"DoT on Tuesday told the court that RCom is a \"dead horse that is getting beaten to revive it unlike other telcos which still have their licenses valid.\"","seolocation":"telecomnews\/dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court","seolocationalt":"DoT can't revoke RCom's licenses for 10 more days: High Court","url_seo":"dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court"},{"msid":"84377076","stname":"NCLT to hear RCom case on July 15","artsyn":"Last Thursday, the bankrupt telco informed NCLT that DoT is unlikely to renew RCom\u2019s licence on July 27 and when they expire, and if that happens, there will be nothing left in the carrier to sell.","seolocation":"telecomnews\/nclt-to-hear-rcom-case-on-july-15","seolocationalt":"NCLT to hear RCom case on July 15","url_seo":"nclt-to-hear-rcom-case-on-july-15"},{"msid":"84246513","stname":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","artsyn":"According to the lawyer, senior advocate Ravi Kadam has informed the court on behalf of the resolution professional (RP), that without license , the entire corporate insolvency resolution process (CIRP), will fall apart.","seolocation":"telecomnews\/termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told","seolocationalt":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","url_seo":"termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told"},{"msid":"84164851","stname":"RCom hits lower circuit after DoT refuses to renew licence","artsyn":"Shares of Reliance Communication tanked 5 per cent, its daily circuit limit, to Rs 3.36 on Tuesday. However, the counter settled at Rs 3.53 on Monday. BSE Sensex was trading at 52,961.90, up by 81.9 points or 0.15 per cent at the time of writing this report. The DoT refused to renew the telecom licence of the Anil Ambani led firm unless it clears its statutory dues of Rs 26,000 crore.","seolocation":"telecomnews\/rcom-hits-lower-circuit-after-dot-refuses-to-renew-licence","seolocationalt":"RCom hits lower circuit after DoT refuses to renew licence","url_seo":"rcom-hits-lower-circuit-after-dot-refuses-to-renew-licence"},{"msid":"84058254","stname":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","artsyn":"In January 2019, Khurana joined the US-based technology company Oracle as strategic sales consulting lead for Asia Pacific and Japan region, and also previously worked with networking major Cisco as a CTO for India and SAARC region.","seolocation":"telecomnews\/gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal","seolocationalt":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","url_seo":"gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal"},{"msid":"83561631","stname":"SAT reduces Sebi's penalty on CARE Ratings to Rs 10 lakh in Reliance Communications case","artsyn":"The tribunal has affirmed the regulator's order with regard to the violation by CARE Ratings under the provisions of the Sebi Act and the CRA (Credit Rating Agency) rule.","seolocation":"telecomnews\/sat-reduces-sebis-penalty-on-care-ratings-to-rs-10-lakh-in-reliance-communications-case","seolocationalt":"SAT reduces Sebi's penalty on CARE Ratings to Rs 10 lakh in Reliance Communications case","url_seo":"sat-reduces-sebis-penalty-on-care-ratings-to-rs-10-lakh-in-reliance-communications-case"},{"msid":"82127232","stname":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","artsyn":"The National Company Law Appellate Tribunal (NCLAT) ruling of last week in the Aircel Vs. Department of Telecommunications (DOT) case has cast a shadow on the resolution plans of Aircel and Reliance Communication Ltd. (RCom).","seolocation":"telecomnews\/aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks","seolocationalt":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","url_seo":"aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks"},{"msid":"82076968","stname":"Aircel lenders to move SC as appellate tribunal bars spectrum sale","artsyn":"Lenders were hoping to recover Rs 25,000-30,000 crore from Aircel and RCom resolution plans under the Insolvency and Bankruptcy Code (IBC) against their claims of over Rs 1,16,000 crore.","seolocation":"telecomnews\/aircel-lenders-to-move-sc-as-appellate-tribunal-bars-spectrum-sale","seolocationalt":"Aircel lenders to move SC as appellate tribunal bars spectrum sale","url_seo":"aircel-lenders-to-move-sc-as-appellate-tribunal-bars-spectrum-sale"},{"msid":"80131455","stname":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","artsyn":"According to the plea, the circular allows banks to declare an account as fraud without giving any prior notice or communication to the account holder against the principles of natural justice.","seolocation":"telecomnews\/hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel","seolocationalt":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","url_seo":"hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel"},{"msid":"80027745","stname":"Reliance Group says allegations of fraud 'unjustified' and 'unwarranted'","artsyn":"Reliance Group has said that certain banks labelling the accounts of the now defunct telecom firm - Reliance Communications (Rcom) - and its units as fraud was \"unjustified\" and \"unwarranted\".","seolocation":"telecomnews\/reliance-group-says-allegations-of-fraud-unjustified-and-unwarranted-","seolocationalt":"Reliance Group says allegations of fraud 'unjustified' and 'unwarranted'","url_seo":"reliance-group-says-allegations-of-fraud-unjustified-and-unwarranted-"},{"msid":"80027366","stname":"RCom group owes around Rs 26,000 crore to Indian banks, financial institutions: Company","artsyn":"Debt-ridden telecom firm Reliance Communications on Wednesday said the group owes around Rs 26,000 crore to Indian banks and financial institutions. The Indians banks, vendors and other creditors have made claims of around Rs 86,000 crore on the company which is currently going through insolvency proceedings.","seolocation":"telecomnews\/rcom-group-owes-around-rs-26000-crore-to-indian-banks-financial-institutions-company","seolocationalt":"RCom group owes around Rs 26,000 crore to Indian banks, financial institutions: Company","url_seo":"rcom-group-owes-around-rs-26000-crore-to-indian-banks-financial-institutions-company"},{"msid":"79991958","stname":"Delhi High Court orders no coercive action in the RCom matter","artsyn":"Hearing the petition, Delhi HC has directed the banks to maintain the status quo and no coercive action till the next date of hearing. The next date of hearing is 13 January 2021.","seolocation":"telecomnews\/delhi-high-court-orders-no-coercive-action-in-the-rcom-matter","seolocationalt":"Delhi High Court orders no coercive action in the RCom matter","url_seo":"delhi-high-court-orders-no-coercive-action-in-the-rcom-matter"},{"msid":"79985386","stname":"Reliance Communications' resolution may hit a bump as banks mark its account as fraud","artsyn":"Delays will further erode the prospects of recovery for lenders who were expecting Rs 20,000-23,000 crore from the asset sale of RCom and its units. Financial creditors have said they are owed Rs 57,382 crore.","seolocation":"telecomnews\/reliance-communications-resolution-may-hit-a-bump-as-banks-mark-its-account-as-fraud","seolocationalt":"Reliance Communications' resolution may hit a bump as banks mark its account as fraud","url_seo":"reliance-communications-resolution-may-hit-a-bump-as-banks-mark-its-account-as-fraud"},{"msid":"79962088","stname":"SBI, Union Bank, IOB mark RCom account as fraud","artsyn":"The State Bank of India (SBI), the Union Bank of India (UBI) and the Indian Overseas Bank (IOB) have marked Reliance Communication Ltd (RCOM) account as fraud, according to banking sources.","seolocation":"telecomnews\/sbi-union-bank-iob-mark-rcom-account-as-fraud","seolocationalt":"SBI, Union Bank, IOB mark RCom account as fraud","url_seo":"sbi-union-bank-iob-mark-rcom-account-as-fraud"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"6368075","value":"RCom","smid":"0","keynameseo":"RCom","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"30335","value":"Shares","smid":"0","keynameseo":"Shares","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"3820","value":"Mukesh Ambani","smid":"0","keynameseo":"Mukesh-Ambani","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354887","value":"industry","smid":"0","keynameseo":"industry","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354972","value":"ICRA","smid":"0","keynameseo":"ICRA","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"49626","value":"Care","smid":"0","keynameseo":"Care","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"Mukesh Ambani"},{"name":"industry"},{"name":"Shares"},{"name":"RCom"},{"name":"ICRA"},{"name":"Care"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["RCom","Shares","Mukesh Ambani","industry","ICRA","Care"],"filterTags":[]},"breadcrumbTags":["RCom","Shares","Mukesh Ambani","industry","ICRA","Care"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/rcom-shares-slump-again-bond-rating-downgrades-hurt\/58821667","associated":{"articles":{"96274265":{"msid":"96274265","stname":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","artsyn":"In November, RCom that housed Anil Ambani-owned Reliance Group\u2019s telecom business, had said that Axis Trustee Services Ltd. had told the telco of its intention to invoke and sell 100% of equity shares in GIDC to a third party.","seolocation":"telecomnews\/axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans","seolocationalt":"Axis invokes pledge over 100% equity in RCom unit GIDC for not repayment of loans","url_seo":"axis-invokes-pledge-over-100-equity-in-rcom-unit-gidc-for-not-repayment-of-loans"},"95656883":{"msid":"95656883","stname":"NCLT clears Jio buy of Reliance Infratel","artsyn":"Jio, which is rolling out 5G networks starting with the metros and bigger cities and needs all the towers and fibre assets for the purpose, is to deposit Rs 3,720 crore in a State Bank of India (SBI) escrow account to complete the acquisition of bankrupt Reliance Communications\u2019 tower and fibre assets, people familiar with the matter said.","seolocation":"telecomnews\/nclt-clears-jio-buy-of-reliance-infratel","seolocationalt":"NCLT clears Jio buy of Reliance Infratel","url_seo":"nclt-clears-jio-buy-of-reliance-infratel"},"95453659":{"msid":"95453659","stname":"RCom unit sold to third party for non-repayment of loans","artsyn":"RCom held 100% stake in GIDC through another subsidiary Reliance Webstore Limited (RWSL). In August 2016, RCom and Reliance Infratel Limited had taken loans Rs 565 crore and Rs 635 crore respectively from the State Bank of India. In September that year, the telco pledged 100% of its shareholding in GIDC to the bank against the loan.","seolocation":"telecomnews\/rcom-unit-sold-to-third-party-for-non-repayment-of-loans","seolocationalt":"RCom unit sold to third party for non-repayment of loans","url_seo":"rcom-unit-sold-to-third-party-for-non-repayment-of-loans"},"95341787":{"msid":"95341787","stname":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","artsyn":"Accordingly, Jio has urged NCLT-Mumbai to issue directions to RTIL\u2019s financial creditors to provide the necessary no-dues-certificate to it to speed up the much-delayed RTIL bankruptcy resolution process.","seolocation":"telecomnews\/jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process","seolocationalt":"Jio moves NCLT for early resolution of Reliance Infratel bankruptcy process","url_seo":"jio-moves-nclt-for-early-resolution-of-reliance-infratel-bankruptcy-process"},"92681340":{"msid":"92681340","stname":"\u200bRCom fails to attract buyers for non-core assets","artsyn":"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.","seolocation":"telecomnews\/rcom-fails-to-attract-buyers-for-non-core-assets","seolocationalt":"\u200bRCom fails to attract buyers for non-core assets","url_seo":"rcom-fails-to-attract-buyers-for-non-core-assets"},"85027660":{"msid":"85027660","stname":"Vodafone Idea lenders fret over \u2018too big to fail\u2019 telco giant","artsyn":"A day after Kumar Mangalam Birla\u2019s letter warning that Vodafone Idea (VIL) may reach an \u201cirretrievable point of collapse\u201d became public, banks are worried about the fate of the telecom major which, they say, is \u201ctoo big to fail\u201d.","seolocation":"telecomnews\/vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant","seolocationalt":"Vodafone Idea lenders fret over \u2018too big to fail\u2019 telco giant","url_seo":"vodafone-idea-lenders-fret-over-too-big-to-fail-telco-giant"},"84585089":{"msid":"84585089","stname":"DoT can't revoke RCom's licenses for 10 more days: High Court","artsyn":"DoT on Tuesday told the court that RCom is a \"dead horse that is getting beaten to revive it unlike other telcos which still have their licenses valid.\"","seolocation":"telecomnews\/dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court","seolocationalt":"DoT can't revoke RCom's licenses for 10 more days: High Court","url_seo":"dot-cant-revoke-rcoms-licenses-for-10-more-days-high-court"},"84377076":{"msid":"84377076","stname":"NCLT to hear RCom case on July 15","artsyn":"Last Thursday, the bankrupt telco informed NCLT that DoT is unlikely to renew RCom\u2019s licence on July 27 and when they expire, and if that happens, there will be nothing left in the carrier to sell.","seolocation":"telecomnews\/nclt-to-hear-rcom-case-on-july-15","seolocationalt":"NCLT to hear RCom case on July 15","url_seo":"nclt-to-hear-rcom-case-on-july-15"},"84246513":{"msid":"84246513","stname":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","artsyn":"According to the lawyer, senior advocate Ravi Kadam has informed the court on behalf of the resolution professional (RP), that without license , the entire corporate insolvency resolution process (CIRP), will fall apart.","seolocation":"telecomnews\/termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told","seolocationalt":"Termination of telecom license to kill RCom resolution: Bankruptcy court told","url_seo":"termination-of-telecom-license-to-kill-rcom-resolution-bankruptcy-court-told"},"84164851":{"msid":"84164851","stname":"RCom hits lower circuit after DoT refuses to renew licence","artsyn":"Shares of Reliance Communication tanked 5 per cent, its daily circuit limit, to Rs 3.36 on Tuesday. However, the counter settled at Rs 3.53 on Monday. BSE Sensex was trading at 52,961.90, up by 81.9 points or 0.15 per cent at the time of writing this report. The DoT refused to renew the telecom licence of the Anil Ambani led firm unless it clears its statutory dues of Rs 26,000 crore.","seolocation":"telecomnews\/rcom-hits-lower-circuit-after-dot-refuses-to-renew-licence","seolocationalt":"RCom hits lower circuit after DoT refuses to renew licence","url_seo":"rcom-hits-lower-circuit-after-dot-refuses-to-renew-licence"},"84058254":{"msid":"84058254","stname":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","artsyn":"In January 2019, Khurana joined the US-based technology company Oracle as strategic sales consulting lead for Asia Pacific and Japan region, and also previously worked with networking major Cisco as a CTO for India and SAARC region.","seolocation":"telecomnews\/gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal","seolocationalt":"Gulshan Khurana likely to replace Vodafone Idea's Mudit Agarwal","url_seo":"gulshan-khurana-likely-to-replace-vodafone-ideas-mudit-agarwal"},"83561631":{"msid":"83561631","stname":"SAT reduces Sebi's penalty on CARE Ratings to Rs 10 lakh in Reliance Communications case","artsyn":"The tribunal has affirmed the regulator's order with regard to the violation by CARE Ratings under the provisions of the Sebi Act and the CRA (Credit Rating Agency) rule.","seolocation":"telecomnews\/sat-reduces-sebis-penalty-on-care-ratings-to-rs-10-lakh-in-reliance-communications-case","seolocationalt":"SAT reduces Sebi's penalty on CARE Ratings to Rs 10 lakh in Reliance Communications case","url_seo":"sat-reduces-sebis-penalty-on-care-ratings-to-rs-10-lakh-in-reliance-communications-case"},"82127232":{"msid":"82127232","stname":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","artsyn":"The National Company Law Appellate Tribunal (NCLAT) ruling of last week in the Aircel Vs. Department of Telecommunications (DOT) case has cast a shadow on the resolution plans of Aircel and Reliance Communication Ltd. (RCom).","seolocation":"telecomnews\/aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks","seolocationalt":"Aircel & RCom steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian, foreign banks","url_seo":"aircel-rcom-steering-towards-liquidation-resulting-in-rs-60000-cr-npa-for-indian-and-foreign-banks"},"82076968":{"msid":"82076968","stname":"Aircel lenders to move SC as appellate tribunal bars spectrum sale","artsyn":"Lenders were hoping to recover Rs 25,000-30,000 crore from Aircel and RCom resolution plans under the Insolvency and Bankruptcy Code (IBC) against their claims of over Rs 1,16,000 crore.","seolocation":"telecomnews\/aircel-lenders-to-move-sc-as-appellate-tribunal-bars-spectrum-sale","seolocationalt":"Aircel lenders to move SC as appellate tribunal bars spectrum sale","url_seo":"aircel-lenders-to-move-sc-as-appellate-tribunal-bars-spectrum-sale"},"80131455":{"msid":"80131455","stname":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","artsyn":"According to the plea, the circular allows banks to declare an account as fraud without giving any prior notice or communication to the account holder against the principles of natural justice.","seolocation":"telecomnews\/hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel","seolocationalt":"HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel","url_seo":"hc-asks-sbi-to-maintain-status-quo-on-accounts-of-rcom-reliance-telecom-infratel"},"80027745":{"msid":"80027745","stname":"Reliance Group says allegations of fraud 'unjustified' and 'unwarranted'","artsyn":"Reliance Group has said that certain banks labelling the accounts of the now defunct telecom firm - Reliance Communications (Rcom) - and its units as fraud was \"unjustified\" and \"unwarranted\".","seolocation":"telecomnews\/reliance-group-says-allegations-of-fraud-unjustified-and-unwarranted-","seolocationalt":"Reliance Group says allegations of fraud 'unjustified' and 'unwarranted'","url_seo":"reliance-group-says-allegations-of-fraud-unjustified-and-unwarranted-"},"80027366":{"msid":"80027366","stname":"RCom group owes around Rs 26,000 crore to Indian banks, financial institutions: Company","artsyn":"Debt-ridden telecom firm Reliance Communications on Wednesday said the group owes around Rs 26,000 crore to Indian banks and financial institutions. The Indians banks, vendors and other creditors have made claims of around Rs 86,000 crore on the company which is currently going through insolvency proceedings.","seolocation":"telecomnews\/rcom-group-owes-around-rs-26000-crore-to-indian-banks-financial-institutions-company","seolocationalt":"RCom group owes around Rs 26,000 crore to Indian banks, financial institutions: Company","url_seo":"rcom-group-owes-around-rs-26000-crore-to-indian-banks-financial-institutions-company"},"79991958":{"msid":"79991958","stname":"Delhi High Court orders no coercive action in the RCom matter","artsyn":"Hearing the petition, Delhi HC has directed the banks to maintain the status quo and no coercive action till the next date of hearing. The next date of hearing is 13 January 2021.","seolocation":"telecomnews\/delhi-high-court-orders-no-coercive-action-in-the-rcom-matter","seolocationalt":"Delhi High Court orders no coercive action in the RCom matter","url_seo":"delhi-high-court-orders-no-coercive-action-in-the-rcom-matter"},"79985386":{"msid":"79985386","stname":"Reliance Communications' resolution may hit a bump as banks mark its account as fraud","artsyn":"Delays will further erode the prospects of recovery for lenders who were expecting Rs 20,000-23,000 crore from the asset sale of RCom and its units. Financial creditors have said they are owed Rs 57,382 crore.","seolocation":"telecomnews\/reliance-communications-resolution-may-hit-a-bump-as-banks-mark-its-account-as-fraud","seolocationalt":"Reliance Communications' resolution may hit a bump as banks mark its account as fraud","url_seo":"reliance-communications-resolution-may-hit-a-bump-as-banks-mark-its-account-as-fraud"},"79962088":{"msid":"79962088","stname":"SBI, Union Bank, IOB mark RCom account as fraud","artsyn":"The State Bank of India (SBI), the Union Bank of India (UBI) and the Indian Overseas Bank (IOB) have marked Reliance Communication Ltd (RCOM) account as fraud, according to banking sources.","seolocation":"telecomnews\/sbi-union-bank-iob-mark-rcom-account-as-fraud","seolocationalt":"SBI, Union Bank, IOB mark RCom account as fraud","url_seo":"sbi-union-bank-iob-mark-rcom-account-as-fraud"}}}}" data-news-images="[{"msid":"58821684","msname":"Rcom","msnameseo":"rcom","mediatype":"1","artdate":"2017-05-24 13:32:00.0","caption":""}]" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
