trending Market Intelligence /marketintelligence/en/news-insights/trending/-T4kZ5KGWPuPCO1cjkF2vA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: India's RCom gets clearance for spectrum sale to Jio

China COVID-19 Trends In TV, Video

US Broadband Households Shift Into Higher Gear In H1'20, 1-Gig Adoption Soars

Cable Business Services Weather Q2 Storm, Growing Revenues, Limiting Sub Losses

COVID-19 Impact Will Shrink Number Of New US Smart City Projects


Report: India's RCom gets clearance for spectrum sale to Jio

Reliance Communications Ltd. has received a nod to its proposed spectrum sale to Reliance Jio Infocomm Ltd. from India's telecom tribunal, which rejected a government demand to furnish bank guarantees before the sale, BusinessLine reported Oct. 11, citing sources.

The Telecom Disputes Settlement and Appellate Tribunal reportedly quashed a plea by the Department of Telecommunications to alter an earlier order by the tribunal to approve the sale of spectrum with riders attached.

RCom had earlier gone to the tribunal over a DOT demand for spectrum usage charges worth 30 billion Indian rupees.

The beleaguered telco was expecting to get 130 billion rupees in the final portion of payments from Mukesh Ambani-led Jio over the next few days that will allow it to exit the debt-restructuring process, the report said.

The amount will be used to pay 38 secured lenders, Ericsson India Pvt. Ltd. and HSBC Daisy Investments (Mauritius) Ltd., BusinessLine said.

Ericsson had previously initiated insolvency proceedings against RCom in September 2017, but relented and accepted the carrier's offer to pay 5.5 billion rupees to settle their dispute over unmet dues.

RCom closed the sale of its fiber assets worth 30 billion Indian rupees to Jio in August, following the sale of its media convergence nodes and related infrastructure assets.

As of Oct. 11, US$1 is equivalent to 73.92 Indian rupees.