February 4, 2019 / 12:53 PM / 10 months ago

India's telecom disputes tribunal exempts RCom from one-time spectrum charge

Feb 4 (Reuters) - India’s Reliance Communication 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 20 billion rupees ($278.55 million) bank guarantee made by the debt-laden company, RCom said bit.ly/2t8AiOF.

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.

$1 = 71.8000 Indian rupees Reporting by Chandini Monnappa in Bengaluru; Editing by Rashmi Aich

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