May 29, 2017 / 11:40 AM / 3 months ago

BRIEF-India's Reliance Comm exec says to repay 250 billion rupees to lenders by end Sept

May 29 (Reuters) - India's Reliance Communications

* March quarter earnings conference call begins

* Exec says free offers and disruptive pricing from Reliance Jio have hurt all Indian telecom sector players including Rcom

* Exec says sector urgently needs intervention from regulators to address situation

* Exec says sector liability of 7.5 trln rupees will be unsustainable

* Exec says remedial policy action and a financing package are critically needed by the sector

* Exec says to launch volte offering in next few quarters

* Exec says to repay 250 billion rupees to lenders by end Sept

* Exec says in talks with lenders to refinance loan installments

* Exec says expects to meet all debt repayment obligations

* Exec says looking to refinance 280 billion rupees of Rcom and Aircel debt

* Exec says all lenders on a prorata basis will be repaid

* Exec says sees property sales happening during 2 years from now

* Exec says will seek bond holders approval for deals Further company coverage: (Reporting By Devidutta Tripathy, Euan Rocha and Sankalp Phartiyal in MUMBAI)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below