RCom misses yet another payment of spectrum dues

Reliance Communications missed its second straight spectrum payment, this time of about ₹281 crore, which fell due on April 5. However, the company is banking on a case in the appellate tribunal to stop the Department of Telecommunications from cancelling its licences and withdrawing the airwaves.

“RCom has missed its payments for the second time but we will await the court’s order to see if we need to challenge or find any other way of recovering the dues. Our hands are tied till then,” a senior DoT official said, asking not to be identified. The official was referring to a dispute between DoT and RCom over spectrum dues, which the National Company Law Appellate Tribunal (NCLAT) is scheduled to hear on Monday.