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TTSL offers to return 800MHz spectrum

4 Feb 2019

Tata Teleservices Limited (TTSL) has offered to return spectrum in the 800MHz band that cannot be transferred to Bharti Airtel when the latter takes over the company, the Economic Times reports, citing an unnamed official. TTSL and Airtel suggested relinquishing 2.5MHz of spectrum in the 800MHz band across most circles that was allocated to TTSL without auction and which, under the current spectrum trading rules, cannot be transferred to another party without being liberalised by a payment of its current market value to the Department of Telecommunications (DoT). Due to the debt levels of both parties, neither company is willing to pay the market rate for the airwaves, however, and have instead sought to return the frequencies. The acquisition of TTSL by Airtel was agreed in October 2017 and is currently awaiting approval from the DoT.

India, Bharti Airtel, Tata Tele Business Services (TTBS, previously TTSL/TTML)

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