Thursday, December 15, 2011

Telecom/Mobile News Headlines | Tech News – Yahoo! India News: Crunch time for firms as debts come due

Telecom/Mobile News Headlines | Tech News – Yahoo! India News
Latest telecom/mobile news headlines from Yahoo! India News. Top stories & Telecom/Mobile news articles, videos, photos from India & around the world.
Crunch time for firms as debts come due
Dec 15th 2011, 08:09

photoMUMBAI (Reuters) - Billionaire Anil Ambani's Reliance Communications, India's No.2 mobile carrier, has a $925 million U.S. dollar convertible bond maturing in March at a conversion price of 654 rupees - more than nine times its current stock price . With India's economic growth buckling and the rupee at an all-time low, other companies, too, are expected to struggle to meet debt obligations in the coming months. ...


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