Here’s how R-Com could clear what it owes Ericsson

The Supreme Court’s direction to the Reliance Communications group on Wednesday to pay Ericsson a sum of Rs 453 crore within four weeks has led to the key question on how the group will garner the funds needed to comply with the order.

Market observers said Reliance Communication (R-Com) and two others firms — Reliance Telecom (RTL) and Reliance Infratel (RITL) — could look at a combination of income tax refunds received and monetisation of some of its real estate assets to raise the money. R-Com could also look to tap into the cash flows of its new business portfolio, which, however, will need bank approval.