Reliance Jio Discusses with Global Lenders to Raise $1.5 Billion
Reliance Jio Infocomm plans to raise additional funding of Rs 12,300 crore over External Commercial Borrowings (ECB) to support the 5G CAPEX. The company has...
Tag : Ericsson
Ericsson Shares Dip After Credit Suisse Downgrades Rating, Slashes Price Target
On Thursday, Ericsson’s shares (ST:ERICb) dropped by more than 4 per cent after Credit Suisse lessened its rating for the Swedish telecommunications equipment manufacturer and...
Bharti Airtel Awards Its First 5G Contract in India to Ericsson
On Wednesday, Bharti Airtel said it had awarded its first 5G contract in the country to Ericsson, with deployments to begin in August 2022. Ericsson...
Nokia to Stop Doing Business in Russia
Nokia’s CEO announced that the company would no longer do business in Russia. After Russia invaded Ukraine, many companies cut ties with the country. While...
Ericsson to Buy Vonage for $6.2 Billion
Ericsson is purchasing cloud firm Vonage for $6.2 billion. “The merger agreement was passed unanimously by the Board of Vonage,” Ericsson said in a statement....
Reliance Jio and Bharti Airtel Starts 5G Network Trials in India
Reliance Jio has commenced 5G trials in Mumbai as it races with rival Bharti Airtel plans to introduce the mobile technology. While Jio’s trials in...
Will Ericsson’s Rs. 550-Crore Win Be Short-Lived?
The Reliance Communications Ltd. and Ericsson AB saga has gone through many twists and turns–an insolvency application followed by a conditional stay, settlement offer, desperate...
RCom Against Closing Insolvency Plea Ericsson wants it Withdrawn
The Reliance Communication and Ericsson strain carried over in the Supreme Court with the Swedish company called for the closing of the insolvency proceedings started...
Rcom’s Financial Creditors Not In Favor Of Using Tax Refunds
The debt-laden Reliance Communications Ltd’ financial creditors have opposed Rcom’s plea to release the income tax refunds, for the purpose of paying dues to Ericsson,...
Rcom's Financial Creditors Not In Favor Of Using Tax Refunds
The debt-laden Reliance Communications Ltd’ financial creditors have opposed Rcom’s plea to release the income tax refunds, for the purpose of paying dues to Ericsson,...