For RCom this approval was crucial because it is close to missing its payment deadline of December 15 to Ericsson.
The beleaguered telco and its Dishnet Wireless unit said the delay in getting the guarantees back added to its financial struggles.
If payment is not made within the scheduled date , the contempt petition and insolvency order will be listed when court reopens in January after the winter break.
RCom blames government for its inability as DoT has not yet cleared its spectrum sale to Jio.
Jio’s move come barely a month after Vodafone Idea charted out its plans to demerge its fibre infrastructure business by transferring such assets to a wholly-owned unit, Vodafone Towers Ltd (VTL).
RCom filed a contempt of court petition in Supreme Court against the Department of Telecommunications.
The deal with Jio, which was signed a year ago, is expected to be completed in the next 10 days.
Airtel paid the cash and submitted the bank guarantees to DoT on behalf of cash-stricken Aircel after adjusting the amounts against the spectrum deal.
COAI plans to write to the DoT to explain how their burden will ease if payment of regulatory levies by telcos is exempted from GST, people familiar with the matter said.
Recently created Vodafone Idea is in an integration phase and has frozen all hiring amid the need to rationalise costs and realise the synergy benefits.
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