Got only Rs 790 cr from Jio deal so far, zero from fibre assets: RCom to SC

Top court reserves verdict in contempt plea moved by Ericsson against Anil Ambani, other executives of RCom

Anil Ambani-led Reliance Communications (RCom) on Wednesday told the Supreme Court that it has received only Rs 790 crore until now of the total Rs 18,100-crore it was supposed to get from the sale of its spectrum and related assets to elder brother Mukesh Ambani’s Reliance Jio Infocomm (Jio). The company also said it had also not received anything yet from the sale of its fibre assets and related infrastructure assets worth Rs 5,000 crore to Jio.

RCom had on August 27 last year, informed stock exchanges that it had completed the sale of