Friday, May 18, 2018

RCom, Ericsson in talks outside NCLT

To try resolve issues relating to dues

Anil Ambani-run Reliance Communications on Friday said it is in advanced stages of discussions with Ericsson for settling issues related to unpaid dues outside of the insolvency and bankruptcy proceedings.
Exiting NCLT process
“We confirm that RCom and Ericsson are at an advanced stage of discussions to expeditiously resolve commercial issues. This will enable Reliance Communications to exit the National Company Law Tribunal (NCLT) process,” an RCom spokesperson said.
The spokesperson added that the company is confident to “expeditiously proceed with its monetisation plan with Reliance Jio and overall resolution plan with the lenders, keeping in mind the interests of all stakeholders“.

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