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As per an Ericsson report, 5G enabled digitisation revenue potential in India will be USD 27.3 billion by 2026.
Ericsson's has filed a plea in the apex court seeking contempt action against RCom Chairman Anil Ambani and others for failing to pay Rs 550 crore towards settlement to the company by September end.
Ericsson row: Telecom tribunal stays DoT demand, RCom can proceed with spectrum sale sans bank guarantee
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.
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.
Deployment of 5G networks promises to deliver very high data speeds, extreme low latency, high reliability, energy efficiency and extreme device densities.
NCLAT to revive bankruptcy proceedings if RCom fails to pay agreed amount of Rs 550 crore to Ericsson by Sept 30.
Last September, the Swedish company had filed a petition in the NCLT’s Mumbai bench seeking liquidation of the telecom operator to recover Rs 1,150 crore that RCom allegedly owes it.
Reliance Communications Ltd (RCom) on Friday said it was in advanced talks with Ericsson to resolve commercial issues, though reports indicated that the latter was uncertain about an out-of-court sett
Ericsson's Nishant Batra said India is a key market for the company as it is one of the four markets that can give high scale of business.
The interim decision is in response to a plea to the tribunal by Ericsson, which signed a seven-year deal in 2014 to operate and manage RCom's nationwide network, seeking payment of unpaid dues.
Ericsson on Monday unveiled at Mobile World Congress a report that lays out a roadmap for operators to unlock the revenue potential of 5G-enabled industry digitalisation.
Ericsson ConsumerLab noted that consumers expect digital technology to increasingly operate on human terms.
The Swedish telecoms equipment maker, which signed a seven-year deal with the network in 2014 is seeking a total of 11.55 billion rupees from the three companies, a filing said.