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Reliance Communications' settlement with Ericsson over dues unlikely for now: sources

Reuters  |  MUMBAI 

By Sankalp PhartiyalMUMBAI (Reuters) - Embattled telecoms firm Reliance Communications is in talks with Ericsson to reach a settlement outside of bankruptcy court over unpaid service dues, but a deal with the Swedish gearmaker looks unlikely for now, two sources said.India's bankruptcy court earlier this week admitted an insolvency plea filed by Ericsson against debt-laden RCom, as the company is widely known, potentially derailing the Indian telecoms firm's plans to sell assets to larger rival Reliance Jio to cut debt.RCom has approached Ericsson, but with a lack of clarity around payment of ...

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First Published: Fri, May 18 2018. 13:02 IST
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