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    RCom likely to receive show-cause notice on spectrum dues, says report

    RCom likely to receive show-cause notice on spectrum dues, says report

    RCom likely to receive show-cause notice on spectrum dues, says report
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    By CNBC-TV18  IST (Published)

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    The telecom department is invoking bank guarantees to recover the latest spectrum dues of Reliance Communications (RCom) and is likely to issue a notice to seek the reason why airwaves should not be withdrawn, The Economic Times reported.

    The telecom department is invoking bank guarantees to recover the latest spectrum dues of Reliance Communications (RCom) and is likely to issue a notice to seek the reason why airwaves should not be withdrawn, The Economic Times reported.
    The last day of the payment of Rs 21 crore was March 13, which included a grace period of 10 days and the department is likely to send a show-cause notice to the telco, the report said citing an unnamed official of the Department of Telecommunications.
    If the telco fails to pay the government, it would eventually lead to a withdrawal of spectrum against which payment was due, the official told the paper, adding that if it is withdrawn, there will be no airwaves to sell or trade for RCom.
    The telco has a debt of over Rs 40,000 crore and is due to pay another instalment of Rs 281 crore in April.
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