Friday, 25 May 2018

RCom to sell mobile, fibre assets to pay off debt

By Mary Lennighan, Total Telecom
Monday 30 October 17

Indian operator to ditch consumer telecoms business, including mobile, and focus instead on enterprise and carrier markets

Reliance Communications on Monday unveiled a debt restructuring plan that will see it sell off certain key assets, including mobile spectrum and fibre infrastructure, as part of a debt restructuring plan that will leave lenders with control of a new company with no exposure to the consumer mobile market. The new RCom will have a reduced debt burden and will focus on the enterprise and carrier markets…

Reliance Communications on Monday unveiled a debt restructuring plan that will see it sell off certain key assets, including mobile spectrum and fibre infrastructure, as part of a debt restructuring plan that will leave lenders with control of a new company with no exposure to the consumer mobile market. The new RCom will have a reduced debt burden and will focus on the enterprise and carrier markets…

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