The DoT “did not follow the apex court’s direction and grant them the approval for spectrum sale within seven days of receiving corporate guarantees”, according to media sources citing said a person familiar with the matter.
RCom has been locked in a legal battle over DoT’s demand for spectrum-related dues worth Rs 2,947.68 crore for many months.
On 30 Nov, the Supreme Court had allowed RCom to sell its spectrum to Jio, but asked it to furnish a corporate guarantee of Rs 1,400 crore to DoT. It had further directed the DoT to approve the spectrum deal within seven days of receiving the corporate guarantee. On December 3, RCom stated that it had submitted the corporate guarantee.
As reported earlier, the spectrum sale is part of a larger Rs 18,000-crore asset monetisation exercise by RCom involving the sale of switching nodes, fibre, telecom towers and spectrum to Jio, and real estate to Canada’s Brookfield. The nodes and fibre have been sold for Rs 5,000 crore.