Singapore, March 27, 2015 -- Moody's Investors Service says that Reliance Communications Limited (RCOM)'s spectrum payments totaling around INR43bn are at the high end of our expectations but can be accommodated in its Ba3 corporate family rating with a stable outlook. RCOM has renewed spectrum in only two (Madhya Pradesh and Himachal Pradesh) of the seven 900MHz circles, acquired spectrum in the 1800MHz band in another two circles (North East & Odisha), although on a cumulative basis, the company has managed to acquire 48MHz against its expiring spectrum of around 48MHz in 2015.

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