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 ...
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