23
Saturday
March 2019
4:16 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
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.


Aamir Khan appointed as Brand Ambassador of PhonePes
Jet Airways shares tumble 7 pc
IndiGo launches Delhi-Istanbul flight; plans for wider global expansion
Rupee pauses after 6-day rally, slips 43 paise against US dollar
Jaitley dubs '108 purported economists' as compulsive contrarians
Reliance Communications pays Rs 458.77 cr to Ericsson: Sources
Sensex rises over 100 pts; Nifty above 11,300
Rupee rises by 8 paise to 69.63 vs USD in early trade
Tata Motors bags orders of over 2500 units of commercial passenger transportation vehicles
Crisis-hit Jet Airways defaults on foreign loan repayment
Optiemus launches wireless charger at Rs 2,499/-
Oil prices fall amid weak US jobs data
JSW Cement introduces high-strength Comp Cem cement in Goa
Star rating prog launched for microwave ovens, washing machines
In a first, SBI links pricing of loans, deposits to repo rate
Kia Motors announces partnerships with 8 leading financial institutions to offer financial services
Driving licences, vehicle registration certificates to come in card format only
Mining blocks to be allotted via e-auction only: J&K
ICF to roll out over 3000 coaches this fiscal, among largest railcar builders in world
Mercedes "cautiously optimistic" on growth in election year
KERALA NEWS
Rival Fronts'' spat over CPI-M''s unholy nexus jibe at Cong, BJP
 Thiruvananthapuram: A spat has erupted between rival fronts in Kerala over the ruling CPI(M)''s alle  
Travel bloggers from worldover on trip to scenic Kerala
We think about the future: Sasi Tharoor
No riots in UP since BJP came to power: Adityanath
INTERNATIONAL NEWS
UK facing ''national emergency'' on Brexit: business, unions
 London: Britain faces a "national emergency" as the risk of a no-deal Brexit rises, business and uni
As more are buried, emotional prayer service planned in NZ
200,000 people in Zimbabwe affected by floods, cyclone: UN
Theresa May seeks Brexit Day delay, EU demands new vote
NATIONAL NEWS
Mayawati predicts BJP's doom in LS polls
 Lucknow: BSP chief Mayawati Friday predicted the BJP's loss in the Lok Sabha elections, saying they
Appeal against Aseemanand's acquittal if you are really a chowkidar: Owaisi to Modi
Maoists `apologise' for killing of school teacher
Renowned Indian artist Haku Shah passes away at 85
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.