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Monday, July 23, 2012 - 10:29 IST
Debt overload weighs on RCom after putting out $1B Singapore issue
BY TEAM VCC
A failed Singapore issue for undersea cable arm is the latest of many setbacks for the telecom giant to raise cash for retiring debt.
Telecom major Reliance Communications has shelved a planned initial public offering of its undersea cable arm in Singapore which could have helped raise as much as $1 billion, due to poor response to the issue.
In a statement...
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