NuSound Radio

Billionaire Ambani risks jail over missed Ericsson payments

Billionaire Ambani risks jail over payments

Indian billionaire businessman Anil Ambani is facing a prison sentence after a deal between his cash-strapped firm Reliance Communications (RCom) and telecoms giant Ericsson collapsed. Ericsson is owed 5.5bn rupees (£59.3m) by RCom under the terms of an agreement to manage and operate its network.

Leave a Reply

Your email address will not be published. Required fields are marked *

Listen Live