Info-tech

Ericsson attempting a media trial, says RCom

PTI New Delhi | Updated on January 07, 2019 Published on January 06, 2019

Debt-laden Reliance Communications on Sunday accused Swedish telecom gear maker Ericsson — which is an operational unsecured creditor of the company — of attempting a media trial and sensationalising the issue of dues recovery, and said that it might put the interest of even secured lenders at risk.

The Anil Ambani-led telecom firm, said it remains committed to clearing the dues of Ericsson from spectrum realisation. However, the approval for the same is pending with the government.

“It is deeply regrettable that Ericsson India Private Limited (Ericsson), an operational unsecured creditor, is attempting a trial by media and sensationalising issues, as evidenced in recent media reports,” said a RCom spokesperson.

Ericsson India on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against Reliance Communication chairman Anil Ambani for allegedly not complying with its order to clear dues of ₹550 crore.

Besides seeking contempt proceedings against the RCom chairman and two others, Ericsson has also sought that they be “detained in civil prison” unless they purge themselves by making the payment.

It also sought directions to the Ministry of Home Affairs to prevent Ambani, Reliance Telecom chairman Satish Seth and chairperson of Reliance Infratel Ltd Chhaya Virani from leaving the country.

Published on January 06, 2019

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