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RCom gets NCLAT's nod for sale of tower, fibre business

06 Apr 2018 Evaluate

Reliance Communications (RCom) has received the National Company Law Appellate Tribunal's (NCLAT) approval to proceed with the sale of its tower and fibre business.

Previously, NCLAT had prevented RCom from selling any asset without its permission, following a legal challenge from Swedish telecoms gear maker Ericsson, seeking payment of unpaid dues of Rs 11.55 billion by RCom and two of its units.

RCom is India’s foremost and truly integrated telecommunications service provider.


Peers
Company Name CMP
Bharti Airtel 1833.00
Vodafone Idea 13.20
Indus Towers 385.00
Tata Communications 1660.15
Railtel Corp. India 254.45
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