RCom falls 12% on reports DoT has rejected its spectrum deal with Jio

Shares of Reliance Communications (RCom) fell as much as 12 per cent to Rs 13.77 apiece on BSE in the intra-day trade on Wednesday after a news report suggested that the Department of Telecommunications (DoT) on Tuesday, told RCom and Reliance Jio Infocomm that it can’t approve their spectrum deal to trade airwaves as it does not adhere to its guidelines.

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