India's RCom pays 4.6 bln rupees to Sweden's Ericsson

  • Reuters
  • Stock Market News
India's RCom pays 4.6 bln rupees to Sweden's Ericsson
Credit: © Reuters.

March 18 (Reuters) - Swedish telecom equipment maker Ericsson (BS: ERICAs ) ERICb.ST has received 4.62 billion rupees ($67.42 million) from Indian telecoms firm Reliance Communications Ltd (RCom) RLCM.NS , a spokeswoman for Ericsson said on Monday.

Late last month, India's top court had ordered Anil Ambani's RCom and two of its directors to pay Ericsson 4.5 billion rupees within four weeks or face a three-month jail term for contempt of court. owes a total 5.71 billion rupees to Ericsson, including a one-time settlement of 5.5 billion rupees and interest payments of 210 million rupees.

($1 = 68.5275 Indian rupees)

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