Shares in Reliance Communications Ltd extended losses on Thursday, falling nearly 3 per cent, a day after the local arm of Sweden's Ericsson filed a plea with an insolvency court against Reliance Communications. Ericsson, which signed a seven-year deal in 2014 to operate and manage Reliance Communications' nationwide network, is seeking a total of Rs 1,155 crore ($180 million) from the company and two of its subsidiaries. Reliance Communications, widely known as RCom, reported its third quarterly loss in a row last month and is trying to find ways to cut its debt after ...
RCom shares, bonds fall after Ericsson's insolvency petition
Ericsson is seeking a total of Rs 1,155 crore from the company and two of its subsidiaries