Indian tribunal allows RCom to proceed with asset sales to Jio, Brookfield

Thursday 31 May 2018 | 07:18 CET | News
Reliance Communications (RCom) announced that the National Company Law Appellate Tribunal (NCLAT) has stayed the orders of the National Company Law Tribunal (NCLT) in Mumbai putting RCom, Reliance Infratel and Reliance Telecom under bankruptcy protection. RCom's management and board of directors have been reinstated following this order. As a result, RCom's asset sale to Reliance Jio and Brookfield for INR 181 billion has been allowed to proceed by the NCLAT. The assets sale includes spectrum, fibre, telecom towers, MCNs and certain real estate assets in Delhi and Chennai. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Infratel / RCom / Reliance Communications / Reliance Jio
Countries: India
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Banglalink-GSMA digital literacy programme trains 117,000 customers

Published 22 Jul 2019 09:39 CET | Bangladesh
Banglalink has announced that its digital literacy pilot program launched with the GSMA in the areas inhabited by people with ...

RCom pays INR 5.5 bln debt to Ericsson, drops asset sale to Jio

Published 19 Mar 2019 08:36 CET | India
Indian businessman Mukesh Ambani, who controls Reliance Industries has offered support to ensure his brother Anil Ambani, who ...

RCom extends asset sale deal to Jio to June

Published 02 Jan 2019 09:23 CET | India
Indian operator Reliance Communications (RCom) said that the sale of its assets to Reliance Jio should complete once it gets all ...

RCom moves ahead with spectrum sale after court clearance

Published 04 Dec 2018 12:32 CET | India
Indian operator Reliance Communications announced that it has made a corporate guarantee of INR 14 billion to the Department of ...

RCom completes INR 30 bln fibre assets sale to RJio

Published 29 Aug 2018 10:38 CET | India
Indian mobile operator Reliance Communications (RCom) has announced it has completed the sale of its fibre assets and related ...

RCom sells 800 MHz spectrum in 22 circles to Jio

Published 13 Aug 2018 11:51 CET | India
Indian operator Reliance Communications (RCom) and Reliance Jio Infocomm have signed an agreement for a change in spectrum ...

RCom reinstates board of directors

Published 01 Jun 2018 11:25 CET | India
Indian operator Reliance Communications (RCom) has announced that The National Company Law Appellate Tribunal in New Delhi ...

Infratel, minority investors reach settlement in tower assets sale

Published 30 May 2018 06:48 CET | India
Reliance Infratel, a subsidiary of Indian operator Reliance Communications (RCom), has announced that it has reached "an amicable ...

NCLAT sets RCom appeals for hearing on 29 May

Published 28 May 2018 10:30 CET | India
Indian operator Reliance Communications (RCom) has announced that the Hon'ble National Company Law Appellate Tribunal (NCLAT) in ...

RCom files appeal against Mumbai NCLT order in Ericsson case

Published 28 May 2018 09:54 CET | India
Indian operator Reliance Communications (RCom) and two of its subsidiaries, namely Reliance Telecom and Reliance Infratel, have ...

RCom, Ericsson in talks to resolve commercial issues

Published 21 May 2018 06:59 CET | India
Indian operator Reliance Communications (RCom) has confirmed it is "at an advanced stage of discussions" with Ericsson to ...

Ericsson starts bankruptcy proceedings against RCom

Published 18 May 2018 03:22 CET | India
Ericsson has started bankruptcy proceedings against Indian operator Reliance Communications (RCom). Reliance Communications and ...

Calendar   /   Industry Events

04 Aug Twilio Q2 2020
04 Aug Boingo Wireless Q2 2020
04 Aug Allot Q2 2020
04 Aug NeoPhotonics Q2 2020
04 Aug Inphi Q2 2020
04 Aug Otelco Q2 2020
04 Aug Softbank fiscal Q1
04 Aug TIM Q2 2020
04 Aug Arista Networks Q2 2020
05 Aug NetLink NBN Trust fiscal Q1
05 Aug Maxar Q2 2020
05 Aug TeraGo Q2 2020
05 Aug Smith Micro Software Q2 2020
05 Aug Inseego Q2 2020
05 Aug Infinera Q2 2020
05 Aug Fitbit Q2 2020
05 Aug Ribbon Communications Q2 2020
05 Aug Synaptics fiscal Q4
05 Aug Dasan Zhone Solutions Q2 2020
05 Aug Dialog Semiconductor Q2 2020
05 Aug Roku Q2 2020
05 Aug CenturyLink Q2
05 Aug Magyar Telekom Q2 2020
05 Aug Extreme Networks fiscal Q4
05 Aug Zynga Q2 2020
05 Aug Samsung Galaxy Unpacked event
06 Aug Cincinnati Bell Q2 2020
06 Aug OTE Q2 2020
06 Aug Deutsche Telekom Q2 2020
06 Aug NortonLifeLock fiscal Q1
::: More Calendar Items