Bharti Airtel Limited and Bharti Hexacom Limited entered into spectrum trading agreements with Aircel Limited and Dishnet Wireless Limited. The agreement was contingent on approval from the Department of Telecommunications. The DoT demanded bank guarantees for license and spectrum usage dues from Aircel. Aircel approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), which directed Aircel to submit bank guarantees. Airtel entities submitted bank guarantees on behalf of Aircel to the DoT. Airtel entities were to pay Rs.4,022.75 crores to Aircel entities, and they agreed to furnish bank guarantees to the DOT on behalf of Aircel, deducting Rs.586.37 crores. TDSAT later held that the DOT's demand of Rs.298 crores was untenable and directed the return of
…In April 2016, Bharti Airtel Limited and Bharti Hexacom Limited entered into eight spectrum trading agreements with Aircel Limited and Dishnet Wireless Limited for the right to use the spectrum allocated to Aircel in the 2300 MHz band. The agreement was contingent on approval from the Department of Telecommunications (DoT). The DoT demanded bank guarantees for license and spectrum usage dues from Aircel. Aircel approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), which directed Aircel to submit bank guarantees. Airtel entities submitted bank guarantees on behalf of Aircel to the DoT. Airtel entities were to pay Rs.4,022.75 crores to Aircel entities, and they agreed to furnish bank guarantees to the DOT on behalf of Aircel, deducting Rs.586.37
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Bharti Airtel Limited and Bharti Hexacom…
TDSAT directed Aircel…
Bharti Airtel Limited and Bharti Hexacom Limited entered into spectrum trading agreements with Aircel Limited and Dishnet Wireless Limited. The agreement was contingent on approval from the Department of Telecommunications. The DoT demanded bank guarantees for license and spectrum usage dues from Aircel. Aircel approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), which directed Aircel to submit bank guarantees. Airtel entities submitted bank guarantees on behalf of Aircel to the DoT. Airtel entities were to pay Rs.4,022.75 crores to Aircel entities, and they agreed to furnish bank guarantees to the DOT on behalf of Aircel, deducting Rs.586.37 crores. TDSAT later held that the DOT's demand of Rs.298 crores was untenable and directed the return of
…In April 2016, Bharti Airtel Limited and Bharti Hexacom Limited entered into eight spectrum trading agreements with Aircel Limited and Dishnet Wireless Limited for the right to use the spectrum allocated to Aircel in the 2300 MHz band. The agreement was contingent on approval from the Department of Telecommunications (DoT). The DoT demanded bank guarantees for license and spectrum usage dues from Aircel. Aircel approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), which directed Aircel to submit bank guarantees. Airtel entities submitted bank guarantees on behalf of Aircel to the DoT. Airtel entities were to pay Rs.4,022.75 crores to Aircel entities, and they agreed to furnish bank guarantees to the DOT on behalf of Aircel, deducting Rs.586.37
…Bharti Airtel Limited and Bharti Hexacom…
TDSAT directed Aircel…