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Fitch says ratings on RCom, GCX unaffected by RCom debt revamp plan


Tuesday, 31 Oct 2017 10:28pm EDT 

Oct 31 (Reuters) - :Fitch: ratings on RCom, GCX unaffected by RCom debt revamp plan.Fitch - expect RCom to gradually exit from wireless voice business and significantly scale down its operations due to intense competition.Fitch - expect restructuring to transform RCom from an integrated telecom company to a business-to-business bandwidth services provider.Fitch - ‍expect GCX's end-September 2017 cash balance to fall closer to USD 40 million​.