RCom-Aircel merged company to be called Aircom, says Anil Ambani

Reliance Communications chairman Anil Ambani is holding a media briefing in a bid to reassure investors after worries over the mobile carrier's heavy debt load rattled markets and triggered ratings downgrades.

Meanwhile, on Wednesday, Moody's Investors Service downgraded Reliance Communications' corporate family rating and senior secured bond rating on account of weak performance and "fragile" liquidity position.

Allaying concerns, the Anil Ambani-led Reliance Group company also said that it has told lenders that it would repay Rs 25,000 crore before September 30 this year post completion of its three different deals.

Here are the LIVE Updates: : Punit Garg, President at Reliance Communications Ltd. is speaking on the current scenario in telecom sector.