The apex court in its order directed the DoT to approve RCOM's spectrum trading deal within seven days of the order and told RCOM to furnish Rs 1,400 crore worth of corporate guarantee.
"The spectrum trading transaction will now be completed and proceeds will clear the dues of Ericsson and minority investors of Reliance Infratel Limited (RITL)," RCOM said in a statement.
RCOM's asset monetisation would proceed as per plan, it said.
The shares of RCOM on the BSE closed at Rs 16.62, higher by Rs 2.35 or 16.47 per cent from the previous close.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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