Tuesday , October 26 2021

RCom deposits partial payment of Rs 131 crore to Ericsson

Reliance Communications (RCOM) has been given 4 weeks’ time by the Supreme Court to file its response to the contempt petition filed by Ericsson. Thereafter, Ericsson has been given one week’s time to file its rejoinder. The matter will be taken up for hearing thereafter.

RCOM has deposited a partial payment of Rs 131 crore to Ericsson from the operational funds available with the Company.

RCOM has taken all required steps towards enabling the settlement and remains fully committed to make the payment to Ericsson from the proceeds of the Spectrum sale.

RCOM is India’s foremost and truly integrated telecommunications service provider.

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