May 15, 2018 / 12:49 PM / in 5 months

Indian court admits Ericsson's plea against RCom

MUMBAI, May 15 (Reuters) - India’s bankruptcy court on Tuesday admitted a plea filed by Swedish telecom gearmaker Ericsson against Reliance Communications, potentially derailing the Indian firm’s plans to sell assets to lighten its debt load.

Ericsson, which signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide network, is seeking 11.55 billion rupees ($170.21 million) from the company and two of its subsidiaries.

A lawyer for RCom, as the company is widely known, said it would appeal.

$1 = 67.8575 Indian rupees Reporting by Sankalp Phartiyal; writing by Abhirup Roy; editing by Jason Neely

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