RCom to lose its undersea cable unit as clouds hang over debt revamp
NEW DELHI: Indian telecom operator Reliance Communications (RCom) Ltd. will lose control of its undersea cable unit GCX Ltd. after a Delaware Court approved a creditor-supported Chapter 11 plan for the subsidiary, in a setback to its own closely-watched bankruptcy process. The plan that got the nod this week will grant ownership of GCX to […]