Reliance communication business plan

Clearly and truly this is a historical achievement for any group. RCOM debt will reduce by Rs 25, crore, The entire monetisation process to repay debt of lenders will be completed by January-March ," said Ambani Amabani while addressing media persons in Mumbai. It may be noted that the company's asset monetisation was run with independent oversight panel chaired by the Reserve Bank of India's Deputy governor SS Mundra. RCom has been burdened with Rs 45, crore of debt as on September

Reliance communication business plan

Story Reliance Communications to exit SDR, announces new debt cut plan without write-offs Anil Ambani-led Reliance Communications on Tuesday announced that it will exit the ongoing SDR process and will reduce debt by about Rs 25, crore through the sale of some of its spectrum, tower and real estate assets.

Anil Ambani -led RCom will reduce debt by about Rs 25, crore through the sale of some of its spectrum, tower and real estate assets.

Debt resolution involves RCom exiting SDR framework with no conversion of debt into equity and zero write-off by lenders and bond holders, Ambani said, adding he expects full closure by March Under the new debt revival plan, upon completion of all transactions, the balance debt in RCom is expected to be - Rs 6, crore, a reduction of over 85 per cent of total debt, RCom said in a release.

He said the deal involved an eight-stage asset monetisation process under an oversight committee headed by former RBI deputy governor S S Mundra with members from Trai and the whole process will be completed in 40 days flat.

Anil Ambani announces debt revival plan for Reliance Communications | Zee Business

The proceeds from asset monetisation will be used only to pay back the lenders, including China Development Bank with whom the company sealed an out-of court settlement last evening in Beijing.

On the no hair-cut for lenders, he said the new plan involves zero equity conversion for lenders and bond holders. The debt resolution also involves part transfer of spectrum installments, Ambani said. The monetization process is being carried out under the oversight of an independent high powered Bid Evaluation Committee.

Lenders have received the final binding bids and all transactions are expected to be closed in a phased manner between January and MarchRCom said.

Reliance Communication-Aircel plan to raise $1 billion for new venture

RCom's continuing operations will comprise stable and profitable B2B focused businesses, including Indian and Global Enterprise, Internet Data Centres and the largest private submarine cable network in the world.

The company has a debt over Rs 44, crore. It can be noted that 31 lenders led by SBI had met over the weekend. Late last month RCom had presented what it called a 'no-loan write-off' plan where lenders are to convert Rs 7, crore of debt into equity.

The 'no-loan write-off' plan also involves repaying of up to Rs 17, crore loans out of proceeds from monetisation of spectrum, tower and fibre assets.Watching Mukesh Ambani unveil the next version of his digital plan at the Reliance Industries Annual General Meeting a few days ago, was a moment that was both exciting as well as déjà vu.

In your favourite language

A leader who can direct an organization through the vision of a strategy, development of a distribution base and execution of business plan in Telecom; skilled in effective sales communications, business partnership development, team building and mentoring.

Plan’s included values can be used towards standard national calls, standard SMS and standard Photo MMS to mobiles and fixed line services, calls to , 13 (excluding , , , on Nano and Mini plans), and . Read more about RCom revamp plan recap: Airtel, Jio eye assets; tower deal to be reworked on Business Standard.

Reliance Communications selling its DTH business to various private equity firms and telcos looking to buy debt- laden firm's assests to invest in what will be left of the telecom major, this primarily have business-to-business segment.

reliance communication business plan

Saying that going forward Reliance Communications will be a business-to-business (B2B) company, he added the company achieved this debt restructuring by asset monetisation and selling real estate.

After the announcement, Reliance Communication shares ended at Rs 23 per piece on the BSE, surging by a whopping %.

reliance communication business plan

RELIANCE SAMSUNG CDMA MOBILE PHONE SAMSUNG E SIM TYPE - CDMA (Reliance) DIMENSIONS - MM WEIGHT - 72 GMS BATTERY - mah WARRANTY - 7 DAYS REPLACEMENT THIS IS CHINA MOBILE SO PLS ONLY REPLACEMENT WITH 7 DAYS COMMUNICATION All email queries are responded within 1 business day.

RCom discloses additional details on restructuring and asset sale to Reliance Jio