Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement  |  Technology  |  LTE
Policy & Regulation
Airtel, Reliance, Tata, Vodafone, Idea get govt. notices for understating revenues
TT Correspondent |  |  14 Mar 2013

Five telecom companies-Airtel, Reliance, Tata Teleservices, Vodafone and Idea have been served notices by the government to the tune of Rs 10,826.69 crore for understating revenues for financial years 2006-07 and 2007-08.

“Total amount of revenue under stated is Rs 10,826.69 crore and the total licence fee demand raised, which also includes interest is Rs 1,841.67 crore from these telecom companies”, minister of state for Communication and Information Technology, Milind Deora told the Parliament.

He said that the government has sent show cause notices to Reliance for understating  Rs 3,402.92 crore, Tata Teleservices (Rs 3,156.46 crore),Bharti Airtel (Rs 1,927.50 crore), Vodafone (Rs 1,490.94 crore) and Idea(Rs 848.87 crore),

He said that the Kerala High Court, the tribunal Telecom Disputes Settlement Appellate Tribunal ( TDSAT) and Chennai High Court have stayed it.

Deora said that the pecial audit of five major private telecom group companies including the Vodafone group has been conducted for the financial years 2006-07 and 2007-08.

He said that  total amount of revenue under stated is Rs 10,826.69 crore and the total licence fee demand raised, which also includes interest is Rs 1,841.67 crore from these telecom companies, it added.

"The government has sent show cause notice/demand notice to all the aforesaid licensees. The notices include interest as per the terms and conditions of the licence agreement. The demands raised on account of special audit have been stayed by Kerala High Court/TDSAT/Chennai High Court," Deora said.

For Latest Updates Visit : http://www.facebook.com/pages/TelecomTiger/429104257149437

    
 mail this article    print this article    Show and Post comment
14 Mar 2013(IST)  
Whitepaper
Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more
Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more
Cisco Small Cell Solution: Reduce Costs, Improve Coverage
It is designed to address the challenge of mobile service coverage and to expand network capacity...read more