 | |
| Company type | Public |
|---|---|
| ISIN | INE330H01018 |
| Industry | Telecommunications |
| Founded | 15 July 2004 |
| Founder | Anil Ambani |
| Defunct | May 2018 |
| Fate | Bankruptcy (Mobile Network Division) |
| Headquarters | DAKC, Navi Mumbai, Maharashtra , India |
Area served | Worldwide |
Key people |
|
| Products | |
| Services |
|
| Revenue |  ₹40.15 billion[1] (2019) |
 ₹8.67 billion (2019) | |
| Members | 0[2] (June 2021) |
Number of employees | 3,038 including 1,819 permanent employees (2018) |
| Parent | Reliance ADAG |
| Divisions | |
| Subsidiaries | |
| Website | www |
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.[3] It has an estimated debt of ₹500 billion (equivalent to ₹620 billion or US$7.4 billion in 2023) against assets worth ₹180 billion (equivalent to ₹220 billion or US$2.7 billion in 2023).[4]
As of March 2020, the company reworked its strategy and continues to operate 4G data services, fixed-line communications, data center services, and enterprise solutions as well as subsea cable networks under the banner name, "Global Cloud Xchange".[5]
- ^ "Investor Relations – Financial Results". Reliance Communications. Retrieved 28 February 2019.
- ^ "Press Release on Telecom Subscription Data as on 31st October, 2020" (PDF). trai.gov.in. 20 February 2019.
- ^ Siddiqui, Danish (1 February 2019). "RCom goes to bankruptcy court to resolve debt burden". Reuters. Archived from the original on 1 February 2019. Retrieved 28 February 2019.
- ^ ET Bureau (2 February 2019). "RCom to move NCLT to offload assets, repay debt". The Economic Times. Retrieved 28 February 2019.
- ^ "GCX". Global Cloud Xchange. Retrieved 22 January 2020.