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RCom reveals its new debt resolution plan

Indian telecoms carrier Reliance Communications Ltd unveiled on Monday a new debt repayment plan, which included a pledge to raise up to 170 billion rupees ($2.62 billion) through the sale of assets such as mobile towers. RCom, as the debt-laden company is commonly called, also said it would repay lenders an additional 100 billion rupees through the sale of commercial real estate, and convert about 70 billion rupees of the debt to 51 percent of the company's equity. Watch the video to know more.
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