RCom alleges that DoT's partiality for not requiring a bank guarantee from Vodafone



[ad_1]

Reliance Communications alleged DoT to adopt a discriminatory approach in requiring a bank guarantee from the company for non-recurring spectrum charges, while approving the merger of Vodafone-Idea without making a similar claim, according to sources.

2018 to Secretary of Telecommunications Aruna Sundararajan, the indebted telecommunications company Rcom has referred to the conditional approval given to Idea Cellular and Vodafone India to go ahead with their merger agreement without requiring Bank guarantee (BG) "We ask DoT not to adopt such a discriminatory, incoherent and unfair position against RCom over a totally opposed and favorable position for Vodafone, and to release to the place bank guarantees of Rs 2000.1 crore. "Immediately," RCom said.

The telecommunication department demanded the payment of Rs 3,976 crore for a time spectrum charge from Vodafone India, and a joint bank guarantor RCom stated that DoT insisted on the BGs against the company's contested OTSCs at the time where she approached the government for the liberalization of the spectrum in the 800 MHz band in December 2015.

He said that DoT demanded BG despite the sub judice case

"Not only that, the DoT unilaterally increased the original OTSC application, without any audience or process, based on subsequent auction prices. "RCom

The firm headed by Anil Ambani alleged that Vodafone's OTSC contributions are" free ". order of 9,000 rupees, about 4 times that of RCom.

TDSAT ordered TDSAT on July 3 to return 2,000 rupees. crore to RCom

In the letter RCom asked DoT to release his BG as directed by TDSAT without filing a motion in this regard in the Supreme Court.

Email sent to RCom, Vodafone and DoT did not get immediate response the problem.

[ad_2]
Source link