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TDSAT asks DoT to return Rs 2,000 cr bank guarantee to Reliance Communications

TDSAT asks DoT to return Rs 2,000 cr bank guarantee to Reliance Communications

Mumbai: TDSAT has directed the Department of Telecommunications (DoT) to return Rs 2,000 crore bank guarantee to Reliance Communications, said a spokesperson of the telecom firm in a statement on Monday.

“Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has 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,” said the spokesperson.

“TDSAD has upheld Reliance Communications Limited’s (RCOM) petition against the Department of Telecommunications (DoT), challenging DoT’s decision to impose one-time spectrum charge (OTSC) on its contracted CDMA and GSM spectrum resources,” RCOM’s spokesperson said in the statement.

“Passing this order, TDSAT held that any telecom operator’s spectrum holdings of up to 5 MHz in the CDMA band and up to 6.2 MHz in the GSM band were exempted from any OTSC levies. TDSAT hence set aside the levy of OTSC on RCOM’s said spectrum,” said the firm’s spokesperson.

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