INSUBCONTINENT EXCLUSIVE:
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.
