India, March 19 -- A day before the expiry of Supreme Court set deadline, Reliance Communications Monday paid Rs 458.77 crore to Swedish telecom equipment maker Ericsson, clearing outstanding dues and fending-off a possible jail term for its billionaire Chairman Anil Ambani.
Sources close to RCom said the payment was made to Ericsson Monday evening, a day before the four-week deadline set by the Supreme Court to clear dues expires.
An Ericsson spokesperson confirmed that the telecom gear maker had received the full payment from the Reliance Communications (Rs 458.7 crore) on Monday and Rs 118 crore previously. The amount paid by RCom also includes interest.
Source of funds for the payment was not immediately known and it was expected tha...