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Call Waiting: Reliance Jio, RCom get three weeks more to resolve DoT liability issue
Posted on 12th January 2019
The Supreme Court on Friday gave further three weeks time to Reliance Communications (RCom) and Reliance Jio Infocomm (RJio) to resolve among themselves as to who will be liable for the past dues of the former once the spectrum trading deal between the two is cleared by the government.

At its last hearing on January 7, the court gave time to the two sides till Friday to resolve the matter after RJio refused to give an undertaking that it would pay the dues of RCom, if any came to light, once the trading deal was through.


Reliance Jio-RCom deal: SC asks who will pay spectrum dues to DoT
Posted on 8th January 2019
The Supreme Court on Monday asked Reliance Communications (RCom) and Reliance Jio Infocomm (RJio) to resolve among themselves as to who will pay the past liabilities of the former, once the spectrum trading deal between the two is cleared by the government. The court said this after Reliance Jio refused to give an undertaking that it will pay dues of the former, if any came to light, once the trading deal was through.

Supreme Court to hear two pleas involving RCom
Posted on 4th January 2019
The Supreme Court on Thursday said it will hear on Monday the two contempt petitions, one filed by Reliance Communications against the department of telecommunications (DoT) and the other by Swedish telecom equipment manufacturer Ericsson India against RCom’s chairman Anil Ambani.

A bench led by Justice RF Nariman posted the petitions for hearing on Monday after both sides sought urgent hearing.


RCom-Jio deal: Anil Ambani’s firm extends spectrum sale agreements with Mukesh Ambani’s Reliance Jio
Posted on 31st December 2018
In a temporary relief to Anil Ambani’s Reliance Communications Ltd (RCom), pertaining to its spectrum deal with Reliance Jio Infocomm, the two companies have decided to extend the validity of the agreements to June 2019. The deal is hung in the air as the Department of Telecommunications (DoT) has refused to clear the deal over non-payment of dues by RCom.

Anil Ambani’s RCom says committed to pay outstanding spectrum dues, as deal with Jio hangs in balance
Posted on 26th December 2018
Anil Ambani-led Reliance Communications Ltd said on Wednesday that it remains committed to paying its outstanding dues, even as the telco’s proposed deal with Mukesh Ambani-controlled Reliance Jio remains uncertain. RCom said it hopes to get long-awaited consent from DoT for its spectrum sale to Reliance Jio Infocomm.

Call waiting! Reliance Jio-RCom spectrum deal on hold
Posted on 20th December 2018
With Reliance Jio on Wednesday sticking to its stand that it would not take the responsibility for past spectrum-related dues of Reliance Communications (RCom), the fate of the Rs 25,000-crore spectrum trading transaction between the two hangs in balance.

As a result, the department of telecommunications (DoT) has withheld the no objection certificate (NoC) it had undertaken to provide by December 17.


RCom shares plunge on report of govt blocking Reliance Jio deal
Posted on 19th December 2018
Shares of Indian telecom company Reliance Communications Ltd plunged as much as 13 percent on Wednesday after the Economic Times reported that Department of Telecommunications (DoT) rejected a proposed spectrum sale to Reliance Jio Infocomm Ltd. The RCom stock fell as much as 13.3 percent to Rs 13.65 per share on NSE. At 10.52am, RCom shares traded at 14.85 per share, down 5.71% from its previous close.

Relief to RCom: Supreme Court tells govt to let it sell spectrum to Reliance Jio, but with a condition
Posted on 15th December 2018
The Supreme Court on Friday asked the department of telecommunications (DoT) to grant a no objection certificate (NoC) to Reliance Communications to trade its spectrum with Reliance Jio Infocomm by Monday on the condition that its subsidiary, Reliance Realty, does not redeem the preferential shares without DoT’s nod.

No respite for RCom: Supreme court denies more time to clear Rs 550cr dues to Ericsson
Posted on 14th December 2018
The Supreme Court on Thursday refused to give more time to Reliance Communications (RCom) to clear dues of Rs 550 crore it owes to Swedish telecom equipment manufacturer Ericsson India.

A bench led by Justice Rohinton Nariman allowed RCom to withdraw its plea after it refused to entertain its senior counsel Kapil Sibal’s request for further extension of time.


Anil Ambani-led RCom moves Supreme Court against DoT
Posted on 13th December 2018
Reliance Communications and its subsidiary Reliance Telecom on Thursday moved the Supreme Court, asking it to initiate appropriate contempt proceedings against the department of telecommunications (DoT) for “wilfully and deliberately disobeying” its November 30 order that directed DoT to grant no objection certificate (NoC) to the firms by December 7 to trade its spectrum with Reliance Jio Infocomm.

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