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News CORPORATE WATCH

  • Mar 06, 2013
  • In a new twist, 2G players face fine for shutting services without notice

    There’s more trouble brewing for 2G players whose licences were cancelled by the Supreme Court.The Department of Telecom is slapping a penalty on some of these companies for shutting down services without notice.
    The fine could work out to Rs 250 crore for STel and Rs 700 crore for Loop Telecom. According to the DoT, both these players had shut down services without giving notice.
    In addition to this, the DoT has raised a demand notice on other players, including Rs 687 crore against Etisalat DB, for alleged breach of licence conditions, including failure to meet rollout obligation.

    Source - http://www.thehindubusinessline.com