Reliance Jio pays Rs 10,792-crore spectrum dues to DoT
Reliance Jio has paid Rs 10,792 crore to the Department of Telecommunications (DoT) for 269.2 MHz of spectrum it acquired in 2016.
While Jio had made upfront payments, it has dues of Rs 15,000-16,000 crore towards spectrum it acquired in 2014 and 2015. Jio will have to inform the DoT by Friday whether it wants a moratorium for the balance payments.
Bharti Airtel has already decided to opt for a four-year moratorium on spectrum and adjusted gross revenue (AGR) dues payable to the government. Vodafone has also taken a decision to opt for a moratorium on spectrum dues and has to communicate its stance on AGR dues.