Reliance Jio, Bharti Airtel set to bid for RCom’s physical assets
NEW DELHI: Reliance Jio and Bharti Airtel have expressed interest in bidding for physical telecom infrastructure of Anil Ambani-led Reliance Communications which is undergoing insolvency proceedings, a source privy to the development told PTI. The two companies are , however, are not interested in buying spectrum held by RCom, the source said. The NCLT in […]
Pay Ericsson Rs 453 crore or face jail: Supreme Court to Anil Ambani
NEW DELHI: Observing there was a ‘wilful default’, the Supreme Court on Wednesday held Anil Ambani, chairman of Reliance Communication(RCom), guilty of contempt of court and ordered the debt-laden company to clear the Rs 453 crore dues to Swedish telecom equipment maker Ericsson within four weeks or face a 3-month jail term. In a verdict […]