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Reliance Comm. reinstates bank guarantees of Rs 774 Cr with DOT.

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Capital Market
Last Updated : Aug 13 2018 | 12:50 PM IST

On 13 August 2018

RCOM and its subsidiary, Reliance Telecom Limited, have today reinstated bank guarantees aggregating Rs. 774 crore with the Department of Telecommunications (DoT) as granted by the Hon'ble Telecom Disputes Settlement and Appellate Tribunal (TDSAT). The Company's asset monetization programme of approx. Rs. 25,000 crore for sale of MCNs, tower, optic fibre and spectrum is fully on track, and will be completed expeditiously.

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First Published: Aug 13 2018 | 12:11 PM IST

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