DoT to oppose spectrum sale of bankrupt telcos
Thursday, June 6, 2019, 12:48 PM
The department of telecommunications (DoT) plans to oppose the sale of airwaves held by bankrupt telcos during the insolvency resolution process, a move that will make Aircel and Reliance Communications less attractive to buyers and hit their lenders. "DoT's view is that this spectrum belongs to the government and it does not come under the definition of property of the telco," said this official.
Liquidation worry as Aircel struggles
Wednesday, July 4, 2018, 7:38 AM
Unrest is brewing at bankrupt Aircel, where there's been no sign of progress on selling assets as the insolvency resolution process passes the midway stage, prompting fears the company may be headed for liquidation. At a meeting last week, lenders rejected proposals to sell the telco's optic fibre network and scrap and to pay a part of already-delayed salaries.