89055 Investors following Bharti Airtel. Share this News with them.
0
Like this story, share it with millions of investors on M3
RCom pays entry fee for foray into GSM segment
Reliance Communications took the first step towards offering cellular services using GSM technology across the country by paying an entry fee of Rs 1,651 crore to the Government.
Reliance Communications took the first step towards offering cellular services using GSM technology across the country by paying an entry fee of Rs 1,651 crore to the Government.
The move comes after the Department of Telecom on Thursday allowed the country's largest CDMA player to use GSM technology under the existing unified access licence it holds. While DoT had given 15 days time to RCom to pay the entry fee, the company has submitted the amount within a day indicating the importance it is attaching to this move.
Though the DoT categorically said that the permission to use two technologies did not assure release of GSM spectrum, by paying the fee Reliance has broken out of the long queue of 575 applications for new telecom licence and put itself ahead in a new category of those companies which have already paid the entry fee and are awaiting release of spectrum. Idea Cellular , Spice and Aircel are the three other companies, which are already in this category.
The move comes after the Department of Telecom on Thursday allowed the country's largest CDMA player to use GSM technology under the existing unified access licence it holds. While DoT had given 15 days time to RCom to pay the entry fee, the company has submitted the amount within a day indicating the importance it is attaching to this move. 
