EGoM recommends telcos pay one-time fee
A ministerial panel on Monday gave the go ahead to a proposal to charge mobile phone carriers a one-time fee for their existing second-generation airwave holdings based on a price to be determined by an upcoming auction, a TV channel reported quoting the law minister.
October 08, 2012 / 16:12 IST
A ministerial panel on Monday gave the go ahead to a proposal to charge mobile phone carriers a one-time fee for their existing second-generation airwave holdings based on a price to be determined by an upcoming auction, a TV channel reported quoting the law minister.
The move will affect older carriers including Bharti Airtel and Vodafone's Indian unit that are not hit by a Supreme Court order to revoke permits in a scandal-tainted 2008 sale and are not required to bid in the auction.Also Read: EGoM on telecom to meet again on October 8The Empowered Group of Ministers (EGoM) has recommended to the cabinet that companies be asked to pay for airwaves beyond 4.4 mega hertz at the auction-determined price for the remaining validity of their licence periods, CNBC-TV18 reported Salman Khurshid as saying.The cabinet has the final say on the fees. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
