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Debt-laden Reliance Communications in advanced talks with Ericsson to resolve issues

Reuters  |  MUMBAI 

By Sankalp PhartiyalMUMBAI (Reuters) - Reliance Communications said it was in advanced talks with Ericsson to resolve "commercial issues", after two sources indicated it was currently uncertain if the firms' discussions over dues would lead to an out-of-court settlement.Earlier this week, India's bankruptcy court admitted a plea by the Swedish telecom gearmaker seeking insolvency resolution against debt-laden Reliance Communications (RCom) over unpaid service dues, potentially derailing the company's plans to sell assets to larger rival Reliance Jio. Ericsson, which signed a seven-year deal ...

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First Published: Fri, May 18 2018. 15:36 IST
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