Analysis: Reliance Communications' move to beat down its debt
Reliance Communications is waving goodbye to assets as it faces the maturing of over $2 billion loans and a weak rupee.
Faced with INR140 billion ($2.1 billion) of maturing debt in March 2017, Reliance Communications has had to sacrifice assets to ensure it can deal with its obligations. The leveraged Indian Internet access and telecommunications company has publically pledged to use all the money raised to reduce debts.
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