Mumbai, Feb 4 (IANS) Upholding the Reliance Communications (RCOM) petition against the Department of Telecom (DoT) on one-time spectrum charge issue, the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has asked the DoT to return the Rs 2,000 crore bank guarantee to the company.
The appellate tribunal ruled that any telecom operator's spectrum holding upto 5 MHz (megaheartz) in the CDMA band and upto 6.2 MHz in the GSM band were exempt from 'One time spectrum charge' (OSTC) levies, an RCOM spokesperson said.
"TDSAT also directed the DoT to return Reliance Communications' Bank Guarantee (BG) of Rs 2,000 crore, as per its earlier order passed on July 3, 2018," the spokesperson said.
In July 2018, the TDSAT had directed DoT to release the bank guarantees that RCom had provided in 2016 for the spectrum.
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz