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