RCOM, Ericsson discussions at advance stage to resolve issues

New Delhi, May 18: Reliance Communications (RCOM) said on Friday it is at an advance stage of discussions with Ericsson to resolve commercial issues.

"We confirm that RCOM and Ericsson are at an advanced stage of discussions to expeditiously resolve commercial issues. This will enable Reliance Communications to exit the NCLT (National Company Law Tribunal) process," a company spokesperson said in a statement.

"RCOM is confident to expeditiously proceed with its monetisation plan with Reliance Jio and overall resolution plan with the lenders, keeping in mind the interests of all stakeholders," spokesperson added.