Nov

Lenders to India’s RCOM Face Uphill Struggle After Debt Swap

Loan-equity conversion gives banks 18 months to revive carrier
Turnaround prospects poor in market gripped by price war

Lenders to embattled Reliance Communications Ltd. have bought themselves some time in taking provisions on $7 billion of debt, but still face an uphill struggle in turning around the phone company…

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Lenders to India’s RCOM Face Uphill Struggle After Debt Swap

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