Ericsson hopeful of receiving dues from RCom: Top executive

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After Merger With Vodafone Group, Idea Cellular Becomes ‘Vodafone Idea Limited’

Swedish Telecom tools maker Ericsson is hopeful that Reliance Communications will clear pending funds of Rs 550 crore together with curiosity by the deadline set by the Supreme Court, a prime executive mentioned.

The Supreme Court has given RCom till December 15 to clear its dues in direction of Ericsson India and mentioned the quantity will embrace easy curiosity of 12% for the delayed cost.

“I think they will pay as it’s the order of the honourable Supreme Court,” Nunzio Mirtillo, head of market space for India, South East Asia and Oceania at Ericsson, instructed ET.

The executive is hopeful of getting new enterprise from Vodafone Idea Ltd., India’s largest Telecom operator that was shaped from the current merger of Vodafone India and Idea cellular.

“We are one of their partners and we are doing our best to qualify and to continue to work with them. It is ultimately their choice,” Mirtillo mentioned.

Vodafone Idea is presently in discussions with distributors Ericsson, Nokia, Huawei and ZTE for brand new wi-fi contracts for its pan-India community. ET beforehand reported that Ericsson might get a deal for seven circles from the telco, whereas Nokia might emerge as the largest beneficiary with 11 circles and the remaining going to Chinese distributors.

Asked about Ericsson’s plans to win new enterprise in India, Mirtillo mentioned the corporate shall be “competitive.”

“Everyone has been investing in general, it’s not specific to this market… We will do our best to ensure that the existing customers remain happy with us and we continue to work together,” he added.

Ericsson, which focuses on wi-fi networks and Companies, sees main development coming from the growth of cell broadband networks in India.

In the medium-term, Mirtillo mentioned 5G expertise can even drive its enterprise in India, the place telcos are gearing up for area trials of the next-generation cell commonplace in varied cities.

Ericsson already has pacts with Bharti Airtel and staterun Bharat Sanchar Nigam Ltd. to develop 5G expertise. “…we have reached a point where 800 million people are just waiting to be a part of the connected ecosystem,” Mirtillo mentioned.

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