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
Read our full coverage on Reliance Communicatio
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
Read our full coverage on Reliance Communicatio
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