{"id":86995,"date":"2019-02-20T20:35:32","date_gmt":"2019-02-20T12:35:32","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=236290"},"modified":"2019-02-20T20:35:32","modified_gmt":"2019-02-20T12:35:32","slug":"rcom-chair-ambani-facing-jail-time-over-ericsson-row","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/2019\/02\/20\/rcom-chair-ambani-facing-jail-time-over-ericsson-row\/","title":{"rendered":"RCom chair Ambani facing jail time over Ericsson row"},"content":{"rendered":"<p>        \tAnil Ambani, Reliance Communications (RCom) chairman (pictured), could face a jail term after the Supreme Court of India found him guilty of wilfully failing to pay INR5.5 billion ($77.3 million) to Ericsson in service charges.<\/p>\n<p>In a statement, India\u2019s top court found Ambani guilty of contempt of court and demanded he and two RCom directors pay the Swedish vendor INR4.5 billion within four weeks or risk a three-month jail term.<\/p>\n<p>The under-fire operator responded by stating it respected the ruling and planned to comply. Ericsson also welcomed the decision.<\/p>\n<p>Ericsson, which has called for Ambani&#8217;s [1] arrest, took legal action against the operator in 2018 over unpaid service charges, with the row deepening in recent months as RCom continued to miss payment deadlines.<\/p>\n<p>The vendor has reportedly filed three contempt of court petitions against Ambani, requesting that the Supreme Court freeze Ambani\u2019s personal assets and prevent him leaving the country.<\/p>\n<p>Ericsson is seeking payment for more than $70 million in service charges for a deal it struck in 2014 to manage and operate RCom\u2019s network.<\/p>\n<p>RCom first missed a deadline to pay up in December 2018, stating it was waiting for approval to sell assets to Reliance Jio before it was able to make the payment. It then made a partial payment [2] of more than INR1 billion in January.<\/p>\n<p>However, last month RCom also confirmed its deal with Jio had failed, resulting in it commencing insolvency proceedings [3].<\/p>\n[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/ericsson-files-fresh-contempt-case-against-rcom-head\/<br \/>\n[2] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/rcom-to-begin-insolvency-proceedings\/<br \/>\n[3] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/rcom-to-begin-insolvency-proceedings\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anil Ambani, Reliance Communications (RCom) chairman (pictured), could face a jail term after the Supreme &#8230;<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/rcom-chair-ambani-facing-jail-time-over-ericsson-row\/\">RCom chair Ambani facing jail time over Ericsson row<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.mobileworldlive.com\/\">Mobile World Live<\/a>.<\/p>\n<p> <a href=\"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/2019\/02\/20\/rcom-chair-ambani-facing-jail-time-over-ericsson-row\/\">\u95b1\u8b80\u5168\u6587 <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":57,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"slim_seo":[],"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[2188,2151,2,2516,7],"tags":[398,402,397,414,413,410,499,409,407,408,406,399,400,394,10,401,396,787,786,784,782,783,764,785,403,412,411,395,405,404,778,779,780,781],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p7prtj-mD9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/86995"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/comments?post=86995"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/86995\/revisions"}],"predecessor-version":[{"id":86996,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/86995\/revisions\/86996"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/media?parent=86995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/categories?post=86995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/tags?post=86995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}