Reliance Communications

Reliance Communications Limited
Company type	Public
Traded as	NSE: RCOM; BSE: 532712;
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	Anil Ambani (chairman); Bill Barney (co-CEO); Manikantan Viswanathnan (CFO); Prakash Shenoy (Company Secretary);
Products	Mobile telephony; Wireless internet; Digital television;
Services	Internet services; Network services; Cloud networking; Data center services; Enterprise voice; Cloud Telephony; Collaboration services; Wholesale voice; Value added services (VAS);
Revenue	₹40.15 billion (2019)
Net income	₹8.67 billion (2019)
Members	0; (June 2021)
Number of employees	3,038 including ; 1,819 permanent employees (2018)
Parent	Reliance ADAG
Divisions	Mobile network; Internet; Television; Enterprise;
Subsidiaries	Global Cloud Xchange; Digicable;
Website	www.rcom.co.in

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.

[RCOM-1] "Investor Relations – Financial Results". Reliance Communications. Retrieved 28 February 2019.

[TRAI-2] "Press Release on Telecom Subscription Data as on 31st October, 2020" (PDF). trai.gov.in. 20 February 2019.

[3] 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.

[4] ET Bureau (2 February 2019). "RCom to move NCLT to offload assets, repay debt". The Economic Times. Retrieved 28 February 2019.

[5] "GCX". Global Cloud Xchange. Retrieved 22 January 2020.

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Reliance Communications

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