Ericsson files insolvency case against Reliance Communications

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.

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