---
title: RCom granted extension to Ericsson debt deadline - Developing Telecoms
description: The Supreme Court of India has ruled in favour of extending RCom’s deadline to repay its INR5.5 billion ($74.8 million) debt to Ericsson.
canonical_url: https://developingtelecoms.com/telecom-business/operator-news/8117-rcom-granted-extension-to-ericsson-debt-deadline.html
language: en-GB
date: 2018-10-23T11:58:42Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/operator-news/8117-rcom-granted-extension-to-ericsson-debt-deadline.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1180
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/operator-news/8117-rcom-granted-extension-to-ericsson-debt-deadline.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## RCom granted extension to Ericsson debt deadline

 

 

   Details    James Barton    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     23 October 2018     8940 views   

 

  ![RCom granted extension to Ericsson debt deadline](https://developingtelecoms.com/images/stories/Company_Logos/800x600/Reliance_Communications_600.jpg)  

 

The Supreme Court of India has ruled in favour of extending RCom’s deadline to repay its INR5.5 billion ($74.8 million) debt to Ericsson.

The payment, which was agreed as part of a settlement deal, had been due on 30th September. Ericsson brought a case to the Supreme Court after RCom failed to meet the deadline, as it refused to grant the operator’s request for a 60 day extension.

The Supreme Court ruling supports [RCom’s argument that it was unable to pay as a result of actions by the DoT (Department of Telecommunications) which held up the sale of its assets to Reliance Jio. ](https://developingtelecoms.com/telecom-business/telecom-operator-news/8094-rcom-faces-bankruptcy-over-fresh-ericsson-challenge.html)RCom had planned to use the funds from this deal to pay Ericsson.

Justice Rohinton Nariman chaired the two-judge bench which ruled on the case, and was quoted as saying to RCom: “You ask for a reasonable period, we will give you and after that it’s over”. The operator now has until 15th December to pay its debt to Ericsson along with interest at a rate of 12% per annum. Nariman’s statement underlined that no further extensions will be granted.

Once RCom has paid the debt, its legal problems may not be over – its chairman Anil Ambani was targeted by Ericsson with a contempt petition for the operator’s failure to pay. The case will be heard after the new deadline.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/www.essential-reading.com\/#james_barton_4d6427c012"
            },
            "dateModified": "2018-10-23T11:58:42Z",
            "datePublished": "2018-10-23T11:58:42Z",
            "description": "The Supreme Court of India has ruled in favour of extending RCom’s deadline to repay its INR5.5 billion ($74.8 million) debt to Ericsson.",
            "headline": "RCom granted extension to Ericsson debt deadline",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Company_Logos\/Reliance_Communications_600.jpg",
                    "caption": "",
                    "description": "RCom granted extension to Ericsson debt deadline",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/www.essential-reading.com\/telecom-business\/operator-news\/8117-rcom-granted-extension-to-ericsson-debt-deadline.html"
            },
            "publisher": {
                "@id": "https:\/\/www.essential-reading.com\/#defaultPublisher"
            },
            "url": "https:\/\/www.essential-reading.com\/telecom-business\/operator-news\/8117-rcom-granted-extension-to-ericsson-debt-deadline.html"
        },
        {
            "@type": "Person",
            "name": "James Barton",
            "@id": "https:\/\/www.essential-reading.com\/#james_barton_4d6427c012"
        },
        {
            "@id": "https:\/\/www.essential-reading.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/www.essential-reading.com\/",
            "logo": {
                "@id": "https:\/\/www.essential-reading.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/www.essential-reading.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->