Telecom disputes tribunal exempts RCom from one-time spectrum charge

TDSAT also directed the DoT to return a Rs 2,000 cr bank guarantee made by the debt-laden company

RCom, Reliance Communications
The Anil Ambani-owned company said it would get ~9.75 bn from sale of spectrum, of which it was to give ~5.5 bn to Ericsson
Reuters
Last Updated : Feb 04 2019 | 7:33 PM IST

Reliance Communications Ltd said on Monday that the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has exempted the company's spectrum holdings in CDMA and GSM bands from a one-time spectrum charge (OTSC). 

TDSAT also directed the Department of Telecommunications(DoT) to return a Rs 2,000 crore ($278.55 million) bank guarantee made by the debt-laden company, RCom said. 
 

ALSO READ: Anil Ambani's Reliance Communications lays out debt resolution plan

TDSAT upheld RCom's petition against DoT, challenging DoT's decision to impose one-time spectrum charge (OTSC) on its contracted CDMA and GSM spectrum resources.   
 

ALSO READ: Debt-ridden RCom to file for bankruptcy as lenders fail to reach consensus 

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First Published: Feb 04 2019 | 6:25 PM IST

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