Rcom Makes Full Repayment Of Another Syndicated Ecb Loan Of Us$ 500 Million (rs.3,100 Crore)

Reliance Communications announced that it has fully repaid another syndicated ECB loan of US$ 500 Million (Rs.3,100 crore approx) on the scheduled due date today.
 
 
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Reliance

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Telecom

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Connaught Place - Delhi - India

CONNAUGHT PLACE, India - Jan. 4, 2014 - PRLog -- New Delhi, 4th January 2014: Reliance Communications announced that it has fully repaid another syndicated ECB loan of US$ 500 Million (Rs.3,100 crore approx) on the scheduled due date today. RCOM had earlier this year made full scheduled repayment of 2 other syndicated ECB loans aggregating US$ 1 billion (Rs. 6,200 crore), and bilateral ECB loans of more than US$ 310 million (Rs.1,900 crore approx). With these repayments, RCOM has now fully liquidated the borrowings from 23 foreign banks and financial institutions.

About Reliance Communications Limited:

Reliance Communications Limited founded by the late Shri Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Group. The Reliance Group currently has a net worth in excess of Rs. 89,600 crore (US$ 16.5 billion), cash flows of Rs.9,100 crore (US$ 1.7 billion), net profit of Rs. 4,300 crore (US$ 0.8 billion).

Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of over 125 million, including over 2.5 million individual overseas retail customers, ranks among the Top 6 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes over 39,000 Indian and multinational corporations including small and medium enterprises and over 830 global, regional and domestic carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 277,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

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Source:Reliance Communications
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