You are here: Home » Companies » News
Business Standard

Insolvency case: Ericsson moves NCLT against RCom to get Rs 1,154 cr dues

Ericsson signed a seven-year deal in 2014 to operate and manage Reliance Communications' nationwide network

Reuters  |  Mumbai 

Ericsson's Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing on Wednesday. The Swedish telecoms equipment maker, which signed a seven-year deal in 2014 to operate and manage Reliance Communications' nationwide network, is seeking a total of Rs1,155 crore ($180 million) from the three companies, the filing said. Reliance Communications said it planned to challenge the insolvency petitions. The filing said the Ericsson case would go ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, September 14 2017. 09:34 IST
RECOMMENDED FOR YOU