Corporate News     03-Dec-18
DoT to approve Spectrum Trading this week
Reliance Communications announced that as per the order dated 30 November 2018 of the Hon'ble Supreme Court of India, Reliance Realty, a 100 percent subsidiary of RCOM has submitted the Corporate Guarantee of Rs 1,400 crore to the Department of Telecommunications (DoT).

As per the said Order, DoT is to approve the Spectrum Trading within this week.

The Spectrum Trading transaction will now be completed and proceeds will clear the dues of Ericsson and minority investors of Reliance Infratel (RITL).

RCOM's Asset Monetization proceeds as per plan.

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