Search results
- Troubles started for RCom as it discovered CDMA services generated less revenue than GSM. It invested heavily to roll out GSM services, eventually ending up with a massive debt. RCom’s involvement in the 2G scam, its inability to reduce its debt due to failed business sales and falling revenue led to its downfall over the next decade.
www.businessinsider.in/business/news/the-rise-and-fall-of-anil-ambanis-reliance-communications/articleshow/74596156.cms
People also ask
What happened to Reliance Communications Limited (RCom)?
Who owns Reliance Communications Infrastructure?
When was Reliance Communications founded?
Who owns Reliance Communications & property management services (RCOM)?
Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra that offered voice and 2G and 3G and 4G data services. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt.
Jul 19, 2023 · Reliance Industries went public back in 1977. Then in 2005, four companies were demerged, including the creation of three new companies — Reliance Communications, Reliance Natural Resources and Reliance Energy.
Dec 20, 2023 · After four years of navigating the insolvency process, Reliance Communications Infrastructure Limited (RCIL) has finally received a lifeline. The National Company Law Tribunal (NCLT) Mumbai today gave its oral approval to a resolution plan submitted by Reliance Projects and Property Management Services Limited.
Mar 12, 2020 · The rise and fall of Anil Ambani’s Reliance Communications. Rounak Jain. Mar 12 2020 05:39 IST. RCom initially debuted as Reliance Infocomm offering free unlimited incoming calls along with a...
- Rounak Jain
(Reuters Photo) The divestments, together with the sale of RCom’s media convergence nodes and exit from a strategic debt restructuring exercise with its lenders, will mark the end of an era for the...
- Amrit Raj
Sep 15, 2016 · This special purpose vehicle in turn will get merged into the mobile business of Maxis Communications Bhd-owned Aircel. Both partners will have joint 50:50 ownership of this new entity that will remain unlisted in the initial years and operate under a new brand name that is yet to be decided.
On December 6, 2010, the Company acquired Reliance Mobile Commerce Limited. On January 31, 2011, the Company acquire Reliance Communications Maharashtra Private Limited.
