Anil Ambani averts jail term, RCom clears Ericsson dues of Rs 462 crore

The Economic Times
Published on: Mar 19, 2019
1794 views

Reliance Communications (RCom) has completed paying Swedish telecom gear maker Ericsson nearly Rs 580 crore, thereby ensuring the telco’s chairman Anil Ambani does not go to jail. With Monday’s payment of Rs 462 crore, the debt-laden telco ends its 18-month long battle with Ericsson which had claimed dues for its maintenance services. The deadline for RCom to make the payment was March 19, failing which Anil Ambani would have had to serve a jail term of three months.

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