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Supreme Court disposes of contempt case against Anil Ambani after payment of Rs 453 crore to Ericsson

The Supreme Court on Wednesday disposed of the contempt proceedings against Reliance Communication chairman Anil Ambani after he repaid Rs 453 crore to Ericsson India.

May 01, 2019, 10:01 AM IST

RCom shares zoom 10%; hit upper circuit after payment to Ericsson

The scrip jumped 10 per cent to Rs 4.40, its upper circuit limit, on the BSE.

Mar 19, 2019, 17:59 PM IST

Reliance Communications pays Rs 458.77 cr to Ericsson: Sources

Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.

Mar 18, 2019, 17:48 PM IST

NCLAT reserves order in RCom-Ericsson payment case

Lenders of RCom have opposed the plea, saying that it will lead to outgo of public money for settling payment of a private party.

Mar 14, 2019, 12:34 PM IST

Investors oppose RCom's plea to use IT refunds to settle Ericsson's dues at NCLAT

The NCLAT was hearing RCom's plea, which has approached the appellate tribunal seeking waiver over the moratorium placed by it on February 4.

Feb 28, 2019, 13:09 PM IST

SC pulls up Reliance Communications on Ericsson's plea, Anil Ambani's firm offers to deposit Rs 118 cr

Ericsson India had on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against RCom chairman Anil Ambani for allegedly not complying with its order to clear dues.

Jan 07, 2019, 11:56 AM IST

Ericsson row: RCom gets relief from TDSAT on spectrum sale

RCom, in a regulatory filing to the BSE, said it will receive Rs 975 crore from sale of spectrum, and that it will pay Ericsson Rs 550 crore and RITL (Reliance Infratel) minority investors Rs 230 crore from the spectrum trading proceeds.

Oct 03, 2018, 17:44 PM IST

Ericsson settlement deal row: RCom seeks 60 days more for payment citing pending spectrum sale

RCom maintained it has already filed an application on September 28 in the apex court seeking extension of time for making payment to the Swedish telecom equipment maker, by 60 days.

Oct 03, 2018, 15:27 PM IST

Reliance Communications, Sweden's Ericsson reach $80 million settlement

In May, India`s bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues.

Aug 06, 2018, 14:17 PM IST

RCom moves NCLAT challenging order allowing plea for its insolvency

Anil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week.

May 22, 2018, 17:06 PM IST

RCom in talks with Ericsson to settle dues outside NCLT

Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom and two of its subsidiaries seeking to recover Rs 1,150 crore.

May 18, 2018, 18:15 PM IST

RCom shares dive 20.5% on NCLT move

The stock after making a weak opening further tanked 20 percent to Rs 9.95 on BSE.

May 16, 2018, 14:56 PM IST

Ericsson cuts 51 jobs in Finland

Ericsson currently employs around 800 people in Finland.

Nov 21, 2017, 20:03 PM IST

In a first, Ericsson demonstrates 5G technology live in India

The demonstration using Ericsson`s 5G test bed and 5G New Radio (NR) delivered a throughput of 5.7 Gbps and ultra-low latency of 3 millisecond.

Nov 17, 2017, 13:59 PM IST

50% of TV viewing in 2020 to go mobile: Ericsson

Approximately 70 per cent of consumers now watch videos on a smartphone -- double the amount from 2012, the findings showed.

Oct 09, 2017, 13:55 PM IST

Ericsson scouts for mergers for lower margin businesses

The Swedish company is concentrating on reducing its exposure to maintenance and roll-out services which require relatively highly paid staff.

Oct 04, 2017, 21:10 PM IST

Ericsson launches small cell solutions to improve network coverage

The "Multi-Operator Dot" solution delivers a set of `Radio Dots` that can be shared between multiple network operators, similar to an active distributed antenna system (DAS) for indoor deployments.

Aug 30, 2017, 16:38 PM IST

Ericsson scraps push for new clients beyond telecoms

Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.

Jun 27, 2017, 11:30 AM IST

Ericsson begins sale of assets with power modules deal

Swedish mobile telecom gear maker Ericsson said on Wednesday it was selling its power modules business, the first exit of assets under a new strategy to focus on its core business.

Jun 21, 2017, 15:18 PM IST

Data Traffic per smartphone user in India to reach 11 GB per month By 2022: Report

Ericsson in its Mobility Report 2017 releases on Wednesday has reported key trends and forecasts on mobile traffic, subscriptions, consumer behavior and technology uptake in India.

Jun 14, 2017, 16:42 PM IST