RCom rallies 6% as operator allowed to sell spectrum to RJio

RCom rallies 6% as operator allowed to sell spectrum to RJio

Thursday, October 04, 2018

Shares of #RelianceCommunications (RCom) climbed nearly 6 percent in Thursday’s trade after the telecom tribunal allowed the operator to sell its spectrum to Reliance Jio Infocomm, with some riders, in a big relief for the Anil Ambani-owned company that plans to use the proceeds of Rs 975 crore to settle some ongoing disputes.

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