ADVERTISEMENT
Saturday, September 30th 2023
Today's Paper
The Kashmir Monitor
🔒 Log in
💲 Contribute
No Result
View All Result
  • LatestLive
  • News
  • Kashmir
  • India
  • World
  • Politics
  • Editorial
  • Business
  • Sports
  • Education
  • Health
  • Tech-Film
  • Auto
  • Crypto
  • Travel
The Kashmir Monitor
  • LatestLive
  • News
  • Kashmir
  • India
  • World
  • Politics
  • Editorial
  • Business
  • Sports
  • Education
  • Health
  • Tech-Film
  • Auto
  • Crypto
  • Travel
The Kashmir Monitor
No Result
View All Result

Reliance Communications, Ericsson reach USD 80 million settlement

Agencies by Agencies
Aug. 07, 2018 Updated 12:24 am. IST
A A
Reliance Communications, Ericsson reach USD 80 million settlement

AlsoRead

Today is the Last Day to Exchange ₹ 2,000 Notes: Questions Arise About Their Post-Deadline Validity

SEC Postpones Ruling on Four Bitcoin Spot ETF Applications in Anticipation of Government Shutdown

Over 100 Online Gaming Companies May Face Investigation in GST Evasion Case, Says Report

Mumbai :Reliance Communications Ltd (RCom) said on Monday it had received approval from the Supreme Court to proceed with the sale of its wireless assets to Reliance Jio after it agreed to pay 5.5 billion rupees (USD 80.06 million) to settle dues with Swedish telecom gearmaker Ericsson.
In May, India’s bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues, potentially derailing the company’s 250 billion rupee plan to sell assets to Reliance Jio.
Ericsson had signed a seven-year deal in 2014 to operate and manage RCom’s nationwide telecom network, and sought 11.55 billion rupees (USD 171.16 million) from the company and two of its subsidiaries.

ADVERTISEMENT
ADVERTISEMENT
Tags: Business

Facebook Twitter Youtube Instagram Whatsapp
Logo

© 2023 The Kashmir Monitor - All rights reserved.

No Result
View All Result
  • Home
  • Latest News
  • Lead Stories
  • News
  • Kashmir
  • India
  • World
  • Politics
  • Education
  • Business
  • Environment
  • Health
  • Sports
  • Editors’ Picks
  • Videos
  • Lifestyle
  • Tech-Film
  • Today’s Paper

© 2023 The Kashmir Monitor - All rights reserved.