Quick Answer: What Is Latest News Of RCom?

What is the future of RCom?

Reliance Communications Limited (NSE: RCOM) As on 29th Dec 2020 RCOM Share Price closed @ 2.05 and we RECOMMEND Buy for LONG-TERM with Stoploss of 1.32 & Buy for SHORT-TERM with Stoploss of 1.44 we also expect STOCK to react on Following IMPORTANT LEVELS..

Will Jio buy RCom?

On Monday, the Mukesh Ambani-led company also submitted to the court that it is not interested in acquiring the spectrum or any asset of RCom, owned by Ambani’s younger brother Anil Ambani. Jio also said it has not submitted any resolution plan to acquire RCom under the Insolvency and Bankruptcy Code (IBC).

Is RCom share price target?

Get complete details on Reliance Communications Ltd….RCOM Share Price Target Today.PivotValueTarget 32.28Target 22.13Target 12.07Pivot Point1.985 more rows

Can RCom be a multibagger?

Rcom will be multibagger.

Is RCom going to shut down?

Rcom has closed its telecommunications business in 2019 and filed for bankruptcy. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt.

Who will take over RCom?

As for RCom, tower company Reliance Infratel will go to Reliance Jio for a deal worth around Rs 20,000-22,000 crore, which will be paid over a period of seven years.

Which is best shares to buy?

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Will Mukesh buy RCom?

Finally, Mukesh gave the helping hand and agreed to buy the RCom assets. Jio had announced a Rs 23,000-crore deal in December 2017 and completed the purchase of media convergence nodes and fibre for Rs 5,000 crore.

Is Jio using RCom spectrum?

In 2016, the Mukesh Ambani-controlled Jio signed a deal with brother Anil Ambani’s RCom to use its spectrum in 17 circles to deliver 4G services. … Jio, in the last hearing, had said it has been paying SUC charges on the shared spectrum which is in line with the spectrum sharing guidelines of the government.