NewsClues | Read the latest business economy and financial news in short. Business and financial news aggregator with news summary.
Swipe through the latest business and wealth clues with our android app
Clues by NC Team • 8 Apr 2019, Monday

Reliance Communications has defaulted for the second consecutive time on its spectrum payment. The company had to pay Rs 281 crore which was due on April 5. However, the company is awaiting an order from the National Company Law Appellate Tribunal (NCLAT) to stop the Department of Telecommunications (DoT) from cancelling its licences and withdrawing the airwaves. The tribunal recently stayed DoT’s show-cause notice to RCom and asked the telco to explain why its licence and spectrum for Mumbai shouldn’t be withdrawn after defaulting on Rs 21 crore spectrum payment that fell due in March. 

Read More at The Economic Times
1


Top
©2019 TheNewsClues