MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Apex court delivers another blow to telecom operators

Apex court delivers another blow to telecom operators

The Supreme Court in its observation of a plea of relief filed by the Department of Telecommunications (DoT) has said that it saw no merit in letting telecom companies drag their payment dues over a period of 20 years. Relief for the companies such as waiver of penalties and interest on unpaid sums were also rejected by the Supreme Court.

Industry representatives have met with government officials over the past few months, which led to the DoT’s plea. In the recent past, telecom operators had received a huge bill as part of a verdict on a long-running dispute they had with the center. A total of nearly INR 1.7 trillion had to be given by the companies. Big names such as Bharti Airtel and Vodafone Idea had shown signs of a heavy blow, with Vodafone Idea’s very survival in doubt. The recent tariff war given birth by the entry of Reliance Jio had made margins paper-thin for all companies looking to retain customers in the toughest of battles.

The government receives money from the telecom operators in the form of annual license fee and spectrum usage charges, under the current policy. But the definition of what exactly the companies needed to pay wasn’t defined sharply and hence let to the legal tussle between telecom operators and DoT in 2003.

YOU MAY ALSO LIKE

Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

RECOMMENDED