Bloomberg Reliance Communications (RCom) Ltd., the Indian mobile phone operator that defaulted on dollar bonds in the highest-profile debt failure since the country’s new bankruptcy code was passed, faces risks of insolvency if it can’t sell its assets at high enough valuations, according to SC Lowy Financial HK Ltd. “We think the valuations they have provided are optimistic,” said Mihir …

Bloomberg Philippine President Rodrigo Duterte has invited Chinese companies to take a role in the country’s wireless communications industry to add a third carrier to compete with PLDT Inc. and Globe Telecom Inc. Duterte offered China the right to operate in the Philippines during his bilateral talks with Chinese Premier Li Keqiang, Duterte spokesman Harry Roque told reporters in Manila …

Bloomberg Singapore’s beleaguered rail system can’t catch a break. Days after a software glitch caused a train collision that injured more than 30 people, lightning struck a train on the same line. Literally. A mass rapid transit train on the East-West Line was struck by lightning on Monday afternoon, causing delays in journey times, The Straits Times reported. The lightning …