INSUBCONTINENT EXCLUSIVE:
The move follows a settlement with Ericsson for partial payment of dues owed by RComNew Delhi: Reliance Communications (RCom) said on
Wednesday it expects to complete its asset sale to Reliance Jio Infocomm and Canada's Brookfield in coming weeks, after the bankruptcy
include airwaves and mobile masts to Jio and Brookfield, as RCom, controlled by businessman Anil Ambani, aims to prune its debt
pile.Brookfield did not immediately respond to a request for comment.The move follows a settlement with Ericsson for partial payment of dues
owed by RCom to the Swedish company.An appeals tribunal in New Delhi on Wednesday put on hold insolvency proceedings against RCom as part of
the settlement and asked it to pay Ericsson 5.5 billion rupees ($81.5 million) by the end of September.Jio is the telecom venture of
Reliance Industries, controlled by India's richest man Mukesh Ambani.The National Company Law Appellate Tribunal (NCLAT) also asked RCom
and Ericsson to file an affidavit by June 7 stating they will abide by the settlement.RCom had filed an appeal with the NCLAT after the
National Company Law Tribunal earlier this month admitted an insolvency plea against the company filed by Ericsson.Ericsson, which signed a
seven-year deal in 2014 to operate and manage RCom's nationwide telecom network, was seeking 11.55 billion rupees from the company and two
of its subsidiaries.On Tuesday, RCom said its unit Reliance Infratel had reached a settlement with its minority shareholders in relation to
the sale of its tower and fiber assets.With debt of 457.33 billion rupees at the end of March 2017, RCom is the most-leveraged listed
telecoms carrier in India.Like other established Indian telecoms firms, RCom has been hit by a fierce price war over the last year,
especially after the entry of Reliance Jio, which offered free voice and cut-price data plans
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