Is Reliance Communications still available?

Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai that offered voice and 2G and 3G and 4G data services. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt.

What Reliance Communications do?

The company offers the full value chain of wireless (CDMA and GSM), wireline, national long distance, international, voice, data, video, Direct-To-Home (DTH) and internet based communications services under various business units organized into three strategic customer-facing business segments; Wireless, Global and …

Is there any hope for Reliance Communications?

The company is deep in debt and any hopes of recovery are unlikely. The company has also shut most of its operations and the promoters are trying to sell the assets. It is being referred to the NCLT, so Rs. 0.65 is probably that the market is putting for the NCLT outcome for RCOM.

Is Jio under Reliance Communication?

Reliance Jio Infocomm Limited, doing business as Jio, is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Navi Mumbai, Maharashtra, India. It operates a national LTE network with coverage across all 22 telecom circles….Jio.

Jio’s headquarters in RCP, Navi Mumbai

Who bought Reliance Communications?

UVARCL made a bid of Rs 16,000 crore to buy two companies — RCom and its subsidiary Reliance Telecom — which have spectrum and data centers, according to a plan approved by lenders.

What is happening with RCom?

RCom’s committee of creditors to meet on November 20 The company posted a consolidated loss of Rs 30,142 crore for September 2019 quarter due to provisioning for liabilities after the Supreme Court ruling on statutory dues.

Who is the owner of RCom?

Reliance GroupReliance Communications / Parent organization

Who is the CEO of Reliance Communication?

Bill Barney (Mar 2015–)Reliance Communications / CEO

Where is Anil Ambani now?

Anil Ambani is married to former Bollywood actress Tina Ambani. The couple have two sons, Jai Anmol Ambani and Jai Anshul Ambani and reside in their lavish residence, a 17-storey structure at Pali Hill in Mumbai.

Who is owner of Jio company?

Jio PlatformsJio / Parent organization

Is RCom going to shut down?

Anil Ambani, chairman of Reliance Communications. Anil Ambani-promoted Reliance Communications (RCom), which is now bankrupt, will now undergo liquidation, unless the Supreme Court overturns the National Company Law Appellate Tribunal (NCLAT) order.