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RCom agrees asset sales to cut debt by 85%

2017-12-27 07:30:00| Telecompaper Headlines

(Telecompaper) Indian operator Reliance Communications (RCom) has announced an agreement with lenders to restructure its debt and exit protection from creditors, without any loan write-offs. Upon completion of all the proposed transactions, RCom's debt is expected to drop to INR 60 billion, which represents a reduction of over 85 percent.

Tags: sales cut debt asset

Category:Telecommunications

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