Oct 15, 2012, 10.30 PM IST
Terming the ministerial panel'srecommendations to impose one-time fee on spectrum above 4.4 MHz/2.5 MHz on existing operators as "arbitrary and legally untenable", telecom operators' associations have asked the government to reconsider the EGoM decision on the issue.
An Empowered Group of Ministers (EGoM) headed by finance minister P Chidambaram had proposed imposition of a one-time fee on GSM mobile operators holding more than 4.4 MHz of spectrum and CDMA operators with over 2.5 MHz airwaves.
The decision, on which Cabinet will take a final call, is expected to garner Rs 27,000 crore for the government. Cellular Operators Association of India (COAI) represents the operators like Airtel , Vodafone and Idea which use the GSM technology.
On the other hand,the Association of Unified Service Providers in India (AUSPI)represents players using dual technology and include Tata Teleservices and Reliance Communication. COAI has written to Telecom Minister Kapil Sibal saying that such a move would increase tariffs while AUSPI in a letter to Prime Minister Manmohan Singh has sought shelving of
"Imposing one-time spectrum charges would be a retrograde step which will impact consumer tariffs directly. It also violates the right granted under the policy decision under which spectrum has already been allocated to the licencees," COAI said in its letter to Sibal.
It said said operators have been paying higher spectrum charges for all spectrum allocated thus far. "Any further additional charge by way of a one-time fee will be contradictory to DoT position on the matter," COAI
Bharti Airtel stock price
On December 10, 2013, Bharti Airtel closed at Rs 335.35, down Rs 1.35, or 0.4 percent. The 52-week high of the share was Rs 373.50 and the 52-week low was Rs 266.95.
The company's trailing 12-month (TTM) EPS was at Rs 11.45 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 29.29. The latest book value of the company is Rs 135.70 per share. At current value, the price-to-book value of the company is 2.47.
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