The top court refused to lift the stay ordered by the arbitral tribunal and set aside the March 8 order of Bombay High Court by which R-Com's petition was dismissed.
The agency said it expects RIL to pay less than Rs 25,000 crore for the acquisition as it is acquiring only the towers, optic fiber cable network, spectrum and media convergence nodes, and not the realty assets.
Anil Ambani said on Tuesday that the company has achieved full resolution of RCom's debt, cutting it by Rs 25,000 crore to Rs 6,000 crore by monetising assets.
In a statement issued on Monday, RCom said it was ‘surprised’ by the ‘untimely and premature action’ of the China Development Bank.
Reliance Communications' board also approved issuing 10 per cent equity in the company to Sistema Shyam Teleservices, as part of the agreement between the two.
Reliance Communications has asked most its employees to exit the company by November 30, a media report said.
The merger between Sistema Shyam and Reliance Communications promises Rs 700 crore extra income and two million new users for Anil Ambani's telco.
Anil Ambani-led Reliance Communications is reeling under debts and faced credit downgrades over its inability to pay back loans
Reliance Communications has close to Rs 45,000 crore debt on its books.
The Anil Ambani-owned firm has defaulted on its loan servicing obligations with more than 10 banks.
Anil Ambani-owned Reliance Communications on Wednesday said that markets regulator SEBI and the stock exchanges have cleared the demerger of its wireless business and the unit’s subsequent merger with Aircel.
In the new ‘joy of Holi’ offer, Telecom operator Reliance Communications (RCOM) today announced a new offering to provide 1GB data to new 4G customers for Rs 49 whereas 3GB data will be priced at
Anil Ambani led Reliance Communications has signed a binding pact with Canada's Brookfield Infrastructure for selling a stake in its mobile tower business for an upfront cash payment of Rs 11,000 crore The two sides
Anil Ambani on Tuesday announced that a “virtual merger” of his Reliance Communications with older brother Mukesh Ambani’s Reliance Jio has now been effected to fulfil the dreams of their late father, Dhirubhai Ambani.
Government will conduct special audit of telecom companies, including Bharti Airtel, Vodafone, Reliance Communications and Idea Cellular for three years to 2010-11
Anil Dhirubhai Ambani led Reliance Communication (Rcom) has launched 4G wifi router at a price tag of Rs 2,699.
Kolkata: Come December 12 and about a million 2G subscribers of Anil Ambani-led Reliance Communications across West Bengal, Bihar and Assam will have to opt for other networks in their respective circles. The country's fourth
New Delhi: Billionaire Anil Ambani-led Reliance Communications on Monday announced that it will take over Russian conglomerate Sistema's Indian mobile telephony venture that operates under the MTS brand.Amid the news, share price of RCom jumped
New Delhi: The Cellular Operators Association of India (COAI) on Sunday reaffirmed its support to the principle of net neutrality, making a strong pitch for the government's vision of "net equality" that will enable access
New Delhi: India's biggest telecom spectrum auction ended today after 19 days of fierce bidding that fetched about Rs 1.10 lakh crore to the government.“The auction has concluded,” an official source told PTI.The auction for
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