Reliance Communications Limited- History, Latest Updates, Milestones, Subsidiaries & Share Price

 

Reliance Communications Limited - Company Overview

 

Reliance Communications Limited (RCOM), established in 2004 by Anil Ambani, was soon one of India's leading telecom service providers. Navi Mumbai-based, it offered services like mobile communication, internet connectivity, and business solutions. Nevertheless, RCOM faced high debt loads and financial troubles over the years, finally resulting in a bankruptcy petition being filed in 2019. The entity is presently under the Corporate Insolvency Resolution Process (CIRP) according to instructions from the National Company Law Tribunal (NCLT).

 

Reliance Communications Limited Moves In 2025

 

January 2025

On January 16, Reliance Communications disclosed that a Committee of Creditors (CoC) meeting would be conducted to discuss issues related to the ongoing insolvency resolution process.

February 2025

On February 6, the board convened to consider the financial statements for Q3 and the nine months ended December 31, 2024.

On February 10, general business updates were released by the company to the stock exchanges, although details were not provided.

March 2025

On March 11, the firm informed exchanges of updates on its insolvency resolution, such as the convening of CoC meetings.

April 2025

On April 2, Reliance Communications announced the immediate resignation of Director Punit Narendra Garg.

On April 8, RCOM shares reached their upper circuit limit as trading volumes surged, indicating renewed market interest.

May 2025

On May 9, RCOM shares fell to their lowest point in 52 weeks, reflecting continued pressure from ongoing insolvency proceedings.

 

Reliance Communications Limited Share Price Performance

 

Rcom share price settled at Rs.1.52 at the end of April 2025.

The Rcom share price was worth Rs.1.41 at the end of March 2025.

February 2025 saw the Rcom share price rise to Rs.1.75 at the close.

Rcom share price closed the month in January 2025 at Rs.1.60.

In December 2024, the Rcom share price was at Rs.1.98.

In November 2024, the Rcom share price closed the month at Rs.1.78.

The Rcom share price was Rs.2.20 at the end of October 2024.

For September 2024, the Rcom share price closed at Rs.1.95.

There was an increase in August 2024, closing the Rcom share price at Rs.2.32.

Rcom share price closed at Rs.1.69 as of July 2024.

In June 2024, the Rcom share price was Rs.2.01.

By May 2024, the Rcom share price closed at Rs.1.65.

 

Evolution Of Reliance Communications Limited: From Past to Present

 

2002 – The Genesis

Reliance Infocomm, the telecom venture of Reliance Group, came into operation with a mission to transform mobile communication in India. It rolled out its CDMA-based mobile services with pan-India coverage at affordable tariffs and extensive accessibility.

2004 – Formal Incorporation

The company was formally established under the name Reliance Infocomm Limited. This was the legal and structural groundwork for what would soon be a prominent figure in the telecom industry of India.

2006 – Rebranding & GSM Foray

The company was rebranded as Reliance Communications Limited (RCOM). It also ventured into GSM mobile services, competing directly with major telecom players.

2007 – Global Expansion

RCOM made its first big foray into the international market by acquiring Yipes Holdings (USA), entering the global enterprise data service arena.

2008 – Strategic Alliances

It formed a strategic partnership with Alcatel-Lucent to operate its telecom network, enhancing efficiency and cost saving.

2010 – Begin 3G

Reliance Communications acquired 3G spectrum licenses in various telecom circles, and it launched high-speed data services. It also signed an agreement for acquiring Digicable to enter the digital TV market.

2011 – Technology Innovation

RCOM launched MIMO technology for improving 3G services, allowing increased data speeds and better user experience.

2012 – Price War

The company made a revolutionary move to slash 3G tariffs drastically in order to make data services cheaper, escalating industry competition.

2013 – Brand Tie-Ups & Outsourcing

It tied up with Lenovo to launch smartphones jointly and outsourced its wireless business to global telecommunications behemoth Ericsson through a long-term managed services deal.

2014 – Infrastructure Sharing with Jio

RCOM entered into several infrastructure-sharing agreements with Reliance Jio, including tower and fiber networks, reflecting a turnaround from competition to collaboration.

2016 – Mergers & Network Realignment

It acquired Sistema Shyam (MTS India), bringing in subscribers and 850 MHz spectrum. RCOM phased out its CDMA network and migrated its customers to 4G technology

2017 – Integration Milestone

The MTS merger was finally completed. But a proposed merger with Aircel was shelved because of delays and market conditions.

2018 – Wireless Business Exit

Having to bear mounting financial pressure, RCOM pulled out of the wireless mobility business and operated exclusively in the space of enterprise, undersea cables, and leasing of infrastructure.

2019 – Insolvency Proceedings

For unsustainable debt, the firm went into bankruptcy under India's Insolvency and Bankruptcy Code (IBC). The Ericsson payment problem took a legal turn, drawing attention to its financial troubles.

2020 – Asset Sale in Progress

There were several bidders, such as Jio and UV Asset Reconstruction Company, who made offers to purchase RCOM's telecom assets as part of the insolvency resolution process.

2022 – Jio Buys Assets

Reliance Jio made a successful purchase of most of RCOM's telecom infrastructure, such as spectrum rights, fiber assets, and mobile towers, to further stabilize its network backbone.

2025 (Current Status) – Waiting for Resolution

RCOM is still under insolvency proceedings as of today, with the National Company Law Tribunal (NCLT) considering possible recovery plans. Its future hangs in the balance but provides a significant case study for India's corporate debt crisis.

 

Reliance Communications Limited Information

 

Inside Reliance Communications Limited

 

Corporate Governance and Financial Updates

 

February 6, 2025, saw the board of RCOM meeting mainly to discuss and approve the financials of the company through the quarter December 2024. This action was carried out as part of the company’s continuous efforts to comply with regulations during its insolvency resolution process

The credit rating agencies have continued to rate RCOM's bank loans as 'non-cooperating' since the company did not participate in the rating exercise. The outstanding bank facilities stand at around Rs.9,300 crore on the long-term side and more than Rs.8,000 crore for short-term borrowings.

As part of efforts to pay off creditors and rationalize operations, RCOM has been given the green light by the National Company Law Tribunal (NCLT) to go ahead with the disposal of some of its unencumbered property assets, including prominent properties in cities such as Chennai, Pune, and Bhubaneswar.

 

Legal Proceedings and Creditors' Actions

 

RCOM has initiated legal action to recover nearly Rs.550 crore from Ericsson, accusing the latter of receiving unfair preferential treatment in insolvency proceedings. Tribunal hearings on the case are lined up for mid-2025.

The Committee of Creditors (CoC) still meets regularly to monitor the insolvency resolution, deliberating over different proposals and developments regarding the sale of assets and debt restructuring.

These operations demonstrate RCOM's continuous efforts to control its financial liabilities while managing the legal intricacies of insolvency. The company is continuously exploring monetization of assets and legal proceedings to settle outstanding items and fulfill creditor claims.

 

Reliance Communication Share Price NSE

 

Conclusion

 

Reliance Communications' trajectory from telecom behemoth to one of an insolvency-tinged entity is a testament to the volatility and vagaries of the Indian telecom market. Even as it is financially troubled now, moves such as strategic acquisitions indicate efforts at revival. Investors can watch developments with caution.

 

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Frequently Asked Questions

 

Is Reliance Communications still operational?

It is currently undergoing insolvency proceedings but has not been dissolved.

Why did the company file for insolvency?

Debt overload and lack of successful asset sales led to financial collapse.

What is the Rcom share price today?

The Reliance communication share price can be found on Enrich Money.

How do I monitor Reliance Communi share price?

Rcom share price can be found on Enrich Money

What is Reliance communication share price BSE?

Rcom share price can be accessed on the BSE official website or Enrich Money

 

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