Thursday, 24 May 2018

RCom lenders give it until December to pay down debt

By Nick Wood, Total Telecom
Monday 05 June 17

Troubled Indian operator aims to repay INR250 billion by end of September.

Reliance Communications (RCom) late last week revealed that its lenders have agreed to give it until December to meet its debt repayment obligations. The deal eases the pressure on the Indian operator, which is struggling to fight a fierce price war sparked by disruptive newcomer Reliance Jio Infocomm…

Reliance Communications (RCom) late last week revealed that its lenders have agreed to give it until December to meet its debt repayment obligations. The deal eases the pressure on the Indian operator, which is struggling to fight a fierce price war sparked by disruptive newcomer Reliance Jio Infocomm…

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