Reliance Mobile

Reliance Communications, is India's largest private sector information and communications company, with over 140 million subscribers.

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RCOM has taken all required steps towards enabling the settlement and remains fully committed to make the payment to Ericsson from the proceeds of the Spectrum sale (3/3)

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The Hon’ble Supreme Court has given 4 weeks’ time to file its response to the contempt petition filed by Ericsson. Thereafter, Ericsson has been given one week’s time to file its rejoinder. The matter will be taken up for hearing thereafter (1/3)

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RCOM has deposited a partial payment of Rs 131 crore to Ericsson from the operational funds available with the Company (2/3)

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The DoT approval is pending from 7 August 2018, for which RCOM has moved a contempt petition against DoT before the Supreme Court which is listed on Monday, 7January, 2019 (5/5)

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It is deeply regrettable that Ericsson India Private Limited (Ericsson), an operational unsecured creditor, is attempting a trial by media and sensationalizing issues, as evidenced in recent media reports (1/5)

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RCOM has taken all required steps towards enabling the settlement and remains fully committed to make the payment to Ericsson from the proceeds of the Spectrum sale (4/5)

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The transactions are
to be consummated subject to various approvals that are presently in
progress. (2/2)

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RCOM and
Reliance Jio Infocomm Ltd. have extended the validity of the agreements
signed on 28th December 2017 for sale of Towers, Fiber, MCNs and
Spectrum of RCOM and its affiliates to 28th June 2019. (1/2)

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RITL Minority Investors’ matter has also been adjourned to 22 January 2019. A copy of the detailed NCLAT order is awaited. (5/5)

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Reliance Communications Limited, being a continuing licensee with the Department of Telecommunications (DoT), remains committed to discharge any outstanding or disputed amount subject to final adjudication. (1/5)

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NCLAT has adjourned the Ericsson matter to 22 January 2019 to take into consideration the outcome of the decision of the Hon’ble Supreme Court, where the related matter is pending consideration. (4/5)

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Reliance Communications’ Asset Monetization proceeds as per plan (4/4)

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Reliance Communications’ subsidiary Reliance Realty issues corporate guarantee of Rs. 1,400 crore to DoT, as per order of the Hon’ble Supreme Court (1/4)

[Reliance Mobile @RelianceMobile]

Proceeds to be used to clear the dues of Ericsson and RITL minority investors (3/4)

[Reliance Mobile @RelianceMobile]

“We will continue to operate and accelerate our business, delivering
best-in-class and uninterrupted services to our enterprise customers": Bill Barney