DoT likely to give nod to RCom's spectrum sale

DoT likely to give nod to RCom's spectrum sale

The Department of Telecommunication is likely to give its nod to Reliance Communications' spectrum sale to Reliance Jio today.

A report by the Economic Times says that the nod was delayed due to last-minute paperwork at the DoT.

RCom is currently stressed under a heavy debt and is looking at the spectrum sale as a means to raise funds to pay off a list of creditors including Ericsson.