Rcom Undersea Cable

Anil Ambani has been waging a war on debt, and Reliance Group has said that it planned to raise about Rs 21,700 crore by selling assets from roads to radio stations in a bid to cut borrowings.

Embattled Reliance Communications is laying a 68,000-km undersea cable to carry data across Europe and Asia, to be built at a cost of USD 600 million.

Companies controlled by Anil Ambani are trying to sell road assets, an undersea cable business and prime real estate in Mumbai and New Delhi.

Global Cloud Xchange was last in the news in June when it announced plans to lay about 5,000 kilometres of undersea cable between Mumbai and Singapore.

Chinese firm Citic Telecom is in discussions with Reliance Communications to buy a significant stake in its submarine cable business - Global Cloud Xchange, according to sources.

The underseas cable arm of Indian mobile giant Reliance Communications has filed a prospectus for an IPO in Singapore.

IFR reported that RCom is likely to offer a yield of around 10.7% on its proposed business trust IPO.

The undersea cable unit of Reliance Communications has received an "in principle" approval from the Singapore stock exchange for its initial public offering of shares, a source said.

Anil Ambani has been waging a war on debt, and Reliance Group has said that it planned to raise about Rs 21,700 crore by selling assets from roads to radio stations in a bid to cut borrowings.

Embattled Reliance Communications is laying a 68,000-km undersea cable to carry data across Europe and Asia, to be built at a cost of USD 600 million.

Companies controlled by Anil Ambani are trying to sell road assets, an undersea cable business and prime real estate in Mumbai and New Delhi.

Global Cloud Xchange was last in the news in June when it announced plans to lay about 5,000 kilometres of undersea cable between Mumbai and Singapore.

Chinese firm Citic Telecom is in discussions with Reliance Communications to buy a significant stake in its submarine cable business - Global Cloud Xchange, according to sources.

The underseas cable arm of Indian mobile giant Reliance Communications has filed a prospectus for an IPO in Singapore.

IFR reported that RCom is likely to offer a yield of around 10.7% on its proposed business trust IPO.

The undersea cable unit of Reliance Communications has received an "in principle" approval from the Singapore stock exchange for its initial public offering of shares, a source said.