Swedish telecoms equipment maker Ericsson's Indian subsidiary has reportedly filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues. Reports say Ericsson, which seeks a total of Rs. 1,155 crore ($180 million) from the three companies, signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide network. The case would go before the National Company Law Tribunal on September 26, reports added.
BY VIKRAMAN MANIRAJ | SEP 13, 2017 9:28 PM #ERICSSON #RELIANCECOMMUNICATIONS #INDIA NEWS
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