RCOM returns 1800MHz spectrum to DoT

18 Jun 2018

Reliance Communications (RCOM) has returned 70 units of spectrum in the 1800MHz band to the Department of Telecommunications (DoT), having failed to find a buyer for the airwaves, the Economic Times reports. The frequencies were non-liberalised – i.e. they were not purchased through a competitive auction – and as such, the purchaser would have needed to also pay the government a liberalisation fee of around INR15 billion (USD220 million), representing the difference in cost between their current market value and the amount originally paid by RCOM for the allocation.