INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Falling for the second straight day, shares of Reliance Communications cracked 5 per cent in morning trade on Tuesday.
The
Department of Telecom is scrutinising the spectrum-sharing deal between Reliance Communications (RCom) and Reliance Jio Infocomm after the
Anil Ambani company defaulted on a payment of Rs 21 crore towards instalment for spectrum in the Mumbai circle earlier this month
The DoT has already served a show-cause notice on RCom for defaulting on the Rs 21-crore spectrum payment
The operator though has moved the appellate tribunal, asking it to direct the telecom department not to cancel its mobile permits for
The next hearing is on March 26
Shares of the company traded 4.94 per cent down at Rs 4.81 on BSE around 9:45 am.
