RCom subsidiary furnishes â¹1,400 crore guarantee to DoT
Anil Ambani-led Reliance Communications on Monday said its unit Reliance Realty has furnished â¹1,400-crore corporate guarantee to Department of Telecom, as per Supreme Court order. The operator will sell its spectrum to Reliance Jio after receiving a no-objection certificate from telecom department. Proceeds from deal will be used to clear dues of Ericsson and Reliance Infratel minority investors.