Nov 23, 2012, 11.10 PM IST
Telecom tribunal TDSAT today asked the government to file reply over a batch of petitions by various operators opposing the demand for additional licence fee.
TDSAT also asked the Department of Telecom not to take any coercive action against private telecom operators till December 10, the next date of hearing.
Telecom operators pay a certain percentage of their revenue from earnings from specified components as the licence fee, called as AGR.
However, the argument was opposed by DoT's counsel Vineet Malhotra. He said there was no need to stay as the notice did not ask for any immediate disconnection of services or enforcement.
Moreover, the operators had served the petition yesterday and he has no instruction for the matter. The tribunal consented with DoT's submission and said there was no threat of either disconnection or termination of services.
Reliance Comm stock price
On December 06, 2013, Reliance Communications closed at Rs 138.90, up Rs 0.15, or 0.11 percent. The 52-week high of the share was Rs 164.45 and the 52-week low was Rs 50.25.
The company's trailing 12-month (TTM) EPS was at Rs 3.49 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 39.8. The latest book value of the company is Rs 160.57 per share. At current value, the price-to-book value of the company is 0.87.
Action in Reliance Communications
Video of the day
Dec 6 2013, 15:02
- in MARKET OUTLOOK
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.