Bank guarantees not needed to cover for spectrum instalments: DoT - Business News: Latest News & Videos about market and economy | Trendmergers

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Bank guarantees not needed to cover for spectrum instalments: DoT

"For spectrum auctions to be held in the future, the requirement for the successful bidder to submit a financial bank guarantee (FBG) of an amount equal to one annual instalment to scrutinise the instalment; and to submit performance bank guarantee (PBG) for roll out obligation, etc has been dispensed with," the DoT said in a notification.

from Industry-Economic Times
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