"The case pertains to the period 2002-03, prior to the Corporate reorganisation of Reliance Communications and has been fully provided for in the previous fiscals. There is no additional liability on the company following the judgement", a RCOM Spokesperson said.
The Supreme Court on Wednesday held Tata Teleservices 'Walky' and Reliance Communication's (formerly Infocom) 'Unlimited Cordless' as limited mobile phones, hence they are liable to pay Access Deficit Charge (ADC) to BSNL for interconnection.
A bench, while dismissing their petitions, has upheld telecom tribunal TDSAT's order of September 2005 that held these services are not fixed lines telephones, but limited mobile.
The apex court had also earlier reserved both the companies plea challenging the TDSAT order which held that its fixed wireless telephone was equivalent to mobile service and thus Reliance was liable to pay ADC of over Rs 400 crore.
Thus, Tata would have to pay about Rs 300 crore as levy to BSNL on account of ADC. RCom scrip was trading up 1.4 per cent at Rs 582.96 at 1230 hrs.