Articles for tag: Claim, Communications, departments, Dismissed, dues, Earlier, insolvency, NCLAT, Proceedings, Reliance, Ruling, State, Tax, Upholding

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The NCLAT dismissed the state tax department’s dues claim against Reliance Communications, upholding an earlier ruling amid insolvency proceedings.

The NCLAT dismissed the state tax department’s dues claim against Reliance Communications, upholding an earlier ruling amid insolvency proceedings.

The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition from the state tax department seeking dues from Reliance Communications (RCom). The appeal was based on claims made after RCom entered the corporate insolvency resolution process in June 2019. The NCLAT upheld an earlier decision by the Mumbai bench of the National Company Law ...

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Verizon plans to acquire Frontier Communications for  billion, aiming to enhance its fiber internet footprint and compete against rivals.

Verizon plans to acquire Frontier Communications for $20 billion, aiming to enhance its fiber internet footprint and compete against rivals.

Verizon is set to acquire Frontier Communications for $20 billion in an all-cash deal, announced on Thursday. This strategic move aims to expand Verizon’s subscriber base and enhance its competitive edge against rivals AT&T and T-Mobile, which offer extensive unlimited plans and bundled services. Verizon has proposed $38.50 per share for Frontier, a 37.3% premium ...

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