
Technical Guide Reliance Communications Form
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People also ask
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What went wrong with Reliance Communications?
Reliance Communications Failed to honor financial obligations. Reliance Communications in 2006 was second biggest telecom company in India. Anil Ambani had 66% stakes in it.
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What was the reason for Anil Ambani's downfall?
Failed Ventures and Mounting Legal Challenges His ventures into the entertainment industry, including deals with Adlabs and DreamWorks, also failed to yield the expected returns. Financial troubles deepened when Reliance Communications (RCom), his telecom venture, began to accumulate substantial debt.
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Will RCom ever recover?
Given the fact that it belongs to the media-hyped ADAG group, high competition in the telecom markets, regulatory probes which never seems to end and poor financial performance, the chances of RCom coming back to anywhere near its previous high is remote.
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Is Reliance Communications a good buy?
Company has low interest coverage ratio. The company has delivered a poor sales growth of -37.5% over past five years. Contingent liabilities of Rs.26,750 Cr. Company has high debtors of 296 days.
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Why is Reliance Communications closing?
Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra 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.
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Who is the owner of Reliance Communications?
Reliance Group Reliance Communications / Parent organization
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Why did Reliance Communications fail?
Reliance Communications Failed to honor financial obligations. Reliance Communications in 2006 was second biggest telecom company in India. Anil Ambani had 66% stakes in it.
-
Why is Reliance Communications closing?
Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra 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.
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