RCom committee of creditors is scheduled to meet on November 13, 2019 to take call on the bids opening.
Airtel, Vodafone Idea and other telecom operators may have to pay the government a whopping Rs 1.42 lakh crore in three months.
The company has launched the service in select states, including Delhi, and will be gradually roll out in rest of the country
Supreme Court in its October 24 order has clearly settled the base on which statutory levies have to be paid, said Reliance Jio.
The telcos to pay the principal due together with interest and penalties within three months.
Indian government has created a panel to work out a financial bailout package that may include lowering of spectrum charges.
Airtel will subscribe to 84,000 equity shares, equivalent to 26 per cent stake in the company.
On the BSE, the scrip was trading at Rs 375.40, up 4.5 per cent from its previous close.
Typically, a telecom operator pays for connecting calls of its subscribers to the company on whose network a call terminates.
Tapadia has earlier worked with Trimax, Global Cloud Xchange, Genpact and Reliance Infocomm.