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RCom to exit SDR framework by March 2018 to reduce debt burden

By Sreyasi De 27-Dec-2017

The biggest news in the telecom sector this morning is the announcement made by Anil Ambani regarding exit from ongoing strategic debt restructuring (SDR) programme. He confirmed the same last night at a press conference in Mumbai. RCom has taken this step to reduce their current debt burden and indicated selling few telecom assets. Reportedly, assets including spectrum, fibre, and towers worth Rs 25,000 crore will be sold by March 2018. Though he has not mentioned any potential buyer in his announcement, but all leading telecom has said to be submitted their bids for buying these assets including his brother Mukesh Ambani. RCom is all set to repay its all debt by the early trimester of 2018 and has ensured that no buyer will be in the loss by doing any business with them.

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