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RITL moves TDSAT to recover Rs 1,200 cr from Etisalat DB

The matter will come up for hearing tomorrow before the TDSAT,headed by Justice S B Sinha.

Written by Agencies | New Delhi | Published: February 22, 2012 9:02:18 pm

Anil Ambani group firm Reliance Infratel (RITL) today approached telecom tribunal TDSAT,seeking to recover Rs 1,200 crore from Etisalat DB which had taken its telecom infrastructure on lease.

The matter will come up for hearing tomorrow before the Telecom Disputes Settlement and Appellate Tribunal bench,headed by its Chairman Justice S B Sinha.

In 2009,Etisalat DB had entered into 10-year pact with RITL – a subsidiary of RCom- for leasing infrastructure to provide GSM services after getting 2G spectrum.

However,the ADAG group firm disconnected Etisalat in January following non-payment of dues.

Etisalat DB is a joint venture between Etisalat of United Arab Emirates and Dynamix Balwas Group of India. The JV had telecom services license to operate in 15 circles.

Earlier this month,the UAE-based firm said that it has written off USD 827 million value of its Indian operations,by way of an impairment charge,after the Supreme Court cancelled 122 2G licences,including that of Etisalat DB.

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