The global rating agency has found that six out of 49 non-financial high-yield companies it rates in South and Southeast Asia with dollar-denominated debt don’t have such ‘mitigants’. These 49 firms have dollar debt totalling $56.5 billion. Out of this, RCom has $4.6 billion outstanding dollar debt.

Fitch Ratings has assigned RCom's (BB-/Stable) proposed senior secured notes an expected rating of 'BB-(EXP), the ratings agency said in a statement on Friday.

At 2:45PM, the 30-share Sensex was down 42 points at 28,884 and the 50-share Nifty slipped 13 points at 8,766.

At 1427 hours, CNX Mid-cap index was up 0.60% at 13,608 points, after hitting a new high of 13,631 in intra-day trade. The CNX Nifty was down 0.20% at 8,761.

“This high cost is credit negative for the country’s telecom operators because it will increase their debt and costs and reduce their ability to fund future expansion,” said the global credit rating agency.

"RCom becomes India's first and only operator with nationwide footprint of contiguous 800/850 MHz spectrum. RCom operations now future-proofed across all circles for most advanced LTE technology at most optimal cost," the company said in a statement.

It had posted a net profit of Rs 108 crore in the same quarter previous year. The consolidated revenue increased by 5.4 per cent to Rs 5,435 crore in the quarter from Rs 5,157 crore in the same quarter previous year.

The facility will also be available to new customers of R-Com.

Reliance Communications will have digitally enabled customer engagement call centres in the country powered by Avaya, which will provide better customer experience.