Reliance Communications (RCOM) has fully repaid another syndicated ECB loan of $ 500 Million (Rs 3,100 crore approximately) on the scheduled due date of January 3, 2014. RCOM had earlier this year made full scheduled repayment of 2 other syndicated ECB loans aggregating $ 1 billion (Rs, 6,200 crore), and bilateral ECB loans of more than $ 310 million (Rs 1,900 crore approximately).
With these repayments, RCOM has now fully liquidated the borrowings from 23 foreign banks and financial institutions.
RCom is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
With these repayments, RCOM has now fully liquidated the borrowings from 23 foreign banks and financial institutions.
RCom is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
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