India's telecom disputes tribunal exempts RCom from one-time spectrum charge

Feb 4 (Reuters) - India's Reliance Communication Ltd RLCM.NS said on Monday that the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has exempted the company's spectrum holdings in CDMA and GSM bands from a one-time spectrum charge (OTSC).

TDSAT also directed the Department of Telecommunications(DoT) to return a 20 billion rupees ($278.55 million) bank guarantee made by the debt-laden company, RCom said https:// upheld Rcom's petition against DoT, challenging DoT's decision to impose one-time spectrum charge (OTSC) on its contracted CDMA and GSM spectrum resources.

($1 = 71.8000 Indian rupees)