Edition:
United Kingdom

India's RCom Says SC Has Given 4 Weeks' Time To File Response To Contempt Petition Filed By Ericsson


Monday, 7 Jan 2019 

Jan 7 (Reuters) - Reliance Communications Ltd ::SUPREME COURT HAS GIVEN 4 WEEKS' TIME TO FILE CO'S RESPONSE TO CONTEMPT PETITION FILED BY ERICSSON.ERICSSON HAS BEEN GIVEN ONE WEEK'S TIME TO FILE ITS REJOINDER.HAS DEPOSITED A PARTIAL PAYMENT OF 1.31 BILLION RUPEES TO ERICSSON FROM OPERATIONAL FUNDS AVAILABLE WITH COMPANY.TOOK REQUIRED STEPS TO ENABLE SETTLEMENT, REMAINS FULLY COMMITTED TO MAKE PAYMENT TO ERICSSON FROM PROCEEDS OF SPECTRUM SALE.