RCom Asks DoT to Approve its Spectrum Deal With Jio to Comply With Supreme Court Order

With its spectrum deal virtually in a limbo, Reliance Communications on Thursday urged the telecom department to grant it the “long-awaited no-objection certificate” to comply with the Supreme Court order in “letter and spirit”. The statement came a day after senior officials of Reliance Communications and Reliance Jio met the Telecom Secretary to discuss outstanding issues raised by the Department of Telecom (DoT) over payment related to the spectrum sale deal between the two companies. The Anil Ambani-owned company Thursday said it remains committed to discharge any outstanding or disputed amount subject to final adjudication.

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In a statement, Reliance Communications asserted that the requirement of giving the bank guarantee as per the telecom department’s demand has been substituted by the orders of the telecom tribunal and the Supreme Court and that its unit Reliance Realty had provided a non-disposal undertaking and corporate guarantee.

“Hence, compliance with the trading guidelines is met,” RCom statement said. The DoT has, so far, held to its position that the deal cannot be cleared unless there is clarity on payment of dues and associated charges, particularly as the Mukesh Ambani-led Jio has refused to take any payment liability of his younger sibling’s firm RCom to conclude the spectrum trading deal between the two firms.

“Reliance Communications Limited, being a continuing licensee with the Department of Telecommunications (DoT), remains committed to discharge any outstanding or disputed amount subject to final adjudication.

“The requirement of giving the Bank Guarantee as per DoT’s demand has been substituted by the orders of the TDSAT (Telecom Disputes Settlement and Appellate Tribunal) and the Hon’ble Supreme Court, with Reliance Realty Limited providing a non-disposal undertaking and Corporate Guarantee,” RCom said on Thursday, according to PTI.

The firm said it is “sincerely hoping” that DoT would comply with the December 14 order of the Supreme Court in “letter and spirit” and “grant the long-awaited NOC/consent”.