INSUBCONTINENT EXCLUSIVE:
operator to sell its spectrum to Reliance Jio Infocomm, with some riders, in a big relief for the Anil Ambani-owned company that plans to
use the proceeds of Rs 975 crore to settle some ongoing disputes
The stock rose 5.51 per cent to hit a high of Rs 12.45 on BSE.
The company had challenged the sought security for the demands by DoT for
of RCom have already approved the sale of the spectrum, and the proceeds will be used for making payments to Ericsson India and to RITL
minority investors, as per settlement terms
