Telecom company Reliance Communications Ltd (RCom) said it remained "fully committed" to settle dues with Swedish telecom gearmaker Ericsson from proceeds of its sale of wireless assets to Reliance Jio Infocomm Ltd."RCom has taken all required steps towards enabling settlement and remains fully committed to make payment to Ericsson from proceeds of spectrum sale," it said in a clarification filed to exchanges on Sunday.It had not received any contempt petition from Ericsson, it added.However, RCom was yet to receive approval from telecom department to proceed with sale of its wireless assets, it said.The company had initiated a contempt petition against department in Supreme Court, which was listed for Monday.The transaction was key to debt-laden telecom operator's restructuring plan, announced in May 2018, which entailed sale of telecom assets such as towers and airwaves to Jio.The plan to sell assets had followed a settlement with telecom gearmaker Ericsson for partial payment of dues owed by RCom to Swedish company.
Music
Trailers
DailyVideos
India
Pakistan
Afghanistan
Bangladesh
Srilanka
Nepal
Thailand
StockMarket
Business
Technology
Startup
Trending Videos
Coupons
Football
Search
Download App in Playstore
Download App
Best Collections