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Home » RCom, Jio seek clarity on DoT’s stand on spectrum deal

RCom, Jio seek clarity on DoT’s stand on spectrum deal

NT BureauBy NT BureauJanuary 5, 2019No Comments
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Chennai: Ambani brothers led telecom firms are learnt to have approached jointly telecom ministry seeking clarification on stand of the government over their spectrum trading deal, industry sources said.

“Reliance Jio and Reliance Communications have jointly written to the Department of Telecom seeking clarification on its stand over spectrum trading deal between the two companies,” an industry source said.

Another source said Mukesh Ambani-led Reliance Jio has reiterated to DoT that it is interested in going ahead with the spectrum trade with his Anil Ambani’s firm Reliance Communications.

The DoT has put the spectrum trading between the two companies on hold after Reliance Jio refused to bear burden on any past dues that RCom owes to the government.

In a letter to the DoT on Thursday, Jio cited petition of RCom before telecom tribunal TDSAT showing that the petitioners, who are the sellers, have retained the liabilities upon themselves. RCom too took the liability on itself with respect to clearing of dues to the department.

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