26
Wednesday
June 2019
1:56 PM IST
News Headlines
Mobile phones, tobacco products seized in raid at Kannur Central Jail        Govt will not support idea of bifurcating Malappuram district : Minister        Jaishankar files nomination papers for Rajya Sabha poll        Only one family was spoken about and got all attention, says Modi        New British PM to be announced on July 23 By Aditi Khanna        Iran says ''idiotic'' new US sanctions shut doors of diplomacy        Australia outclass England by 64 runs on way to semifinals        Windies legend Lara hospitalised due to chest pain, could be discharged soon        Shakib's magnificent 5-wicket haul steers Bangladesh to 62 run win against Afghanistan        Argentina, Uruguay, Peru through to Copa America quarter-finals        US-Iran fears buoy oil prices as focus turns to Trump-Xi talks        Rupee opened flat at 69.58 vs USD in early trade        UK falling behind in race to engage with India, warns UK Parliament inquiry        Australian Islamic State orphans rescued from Syria camp        Death toll from building collapse in Cambodia rises to 24        BJP fields Jaishankar for Gujarat RS seat after he formally joins party        There is culture of disrespecting expertise under the BJP: Cong        BSP to contest all future polls on its own: Mayawati        RBI Deputy Governor Viral Acharya quits 6 months before his term ends        BJD MLA arrested for forcing engineer to do sit-ups        
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Business News
Reliance Communications Says 'Fully Committed' To Settle Dues With Ericsson
 
(New Delhi, Jan07 2019):Telecom company Reliance Communications Ltd (RCom) said it remained "fully committed" to settle dues with Swedish telecom gearmaker Ericsson from the proceeds of its sale of wireless assets to Reliance Jio Infocomm Ltd.

"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," it said in a clarification filed to the exchanges on Sunday.

It had not received any contempt petition from Ericsson, it added.

However, RCom was yet to receive approval from the telecom department to proceed with the sale of its wireless assets, it said.


The company had initiated a contempt petition against the department in the Supreme Court, which was listed for Monday.

The transaction was key to the debt-laden telecom operator's restructuring plan, announced in May 2018, which entailed the sale of telecom assets such as towers and airwaves to Jio.

COMMENT
The plan to sell the assets had followed a settlement with telecom gearmaker Ericsson for partial payment of dues owed by RCom to the Swedish company.


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Rupee opened flat at 69.58 vs USD in early trade
US blacklists 5 Chinese groups working in supercomputing
US Fed says large banks prepared to withstand economic crisis
Jet Airways shares soar another 15.5 pc
Tamil Nadu seeks special package of Rs 1,000 cr to address water crisis
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Rivigo launches National Freight Index
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India ad spend likely to be Rs 697 billion in 2019: Report
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Bring down corporate tax to 18 pc sans exemptions: CII
Jet Airways shares plunge nearly 11 pc
KERALA NEWS
Mobile phones, tobacco products seized in raid at Kannur Central Jail
 Kannur: For the second time in a week, a raid was conducted on Kannur Central Jail on Monday night a  
Govt will not support idea of bifurcating Malappuram district : Minister
Kerala CPM leader's son booked for rape, cheating
Two workers killed in Kerala as earth caves in
INTERNATIONAL NEWS
New British PM to be announced on July 23 By Aditi Khanna
 London: Britain''s new Prime Minister, either Boris Johnson or Jeremy Hunt, will be announced on Jul
Iran says ''idiotic'' new US sanctions shut doors of diplomacy
UK falling behind in race to engage with India, warns UK Parliament inquiry
Australian Islamic State orphans rescued from Syria camp
NATIONAL NEWS
Jaishankar files nomination papers for Rajya Sabha poll
 Gandhinagar: External Affairs Minister S Jaishankar Tuesday filed his nomination papers for the Rajy
BJP fields Jaishankar for Gujarat RS seat after he formally joins party
There is culture of disrespecting expertise under the BJP: Cong
BSP to contest all future polls on its own: Mayawati
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