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Description
Reliance Communications Limited ( RCOM ) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra that offered voice and 2G and 3G and 4G data services. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt. It has an estimated debt of ₹500 billion (equivalent to ₹620 billion or US$7.8 billion in 2023) against assets worth ₹180 billion (equivalent to ₹220 billion or US$2.8 billion in 2023).
As of March 2020, the company reworked its strategy and continues to operate 4G data services, fixed-line communications, data center services, and enterprise solutions as well as subsea cable networks under the banner name, "Global Cloud Xchange".
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