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Govt supports Rs 3,050-cr fine on Airtel, Voda Idea; telcos may move court

Airtel and Vodafone Idea had as of late finished up their rights issue to pare obligation. They raised Rs 25,000 crore each from their individual offers

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Govt supports Rs 3,050-cr fine on Airtel, Voda Idea; telcos may move court

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  1. BUSINESS STANDARD Govt supports Rs 3,050-cr fine on Airtel, Voda Idea; telcos may move court Airtel and Vodafone Idea had as of late finished up their rights issue to pare obligation. They raised Rs 25,000 crore each from their individual offers The Digital Communications Commission (DCC) on Wednesday endorsed the proposal of the Telecom Regulatory Authority of India (Trai) to require a complete punishment of Rs 3,050 crore on Bharti Airtel and Vodafone Idea for declining to

  2. give purposes of interconnection to Reliance Jio. The pinnacle basic leadership body of the telecom part will presently send its decision to the Department of Telecommunications (DoT) for an official choice. The influenced telcos are probably going to move court once the DoT formalizes the choice. "After point by point dialogs, it was chosen that the DCC will acknowledge the proposals of Trai to impose punishment and prescribe likewise to the administration," DoT Secretary Aruna Sundararajan told correspondents after a gathering. The DCC contains individuals from a few key services and is led by DoT secretary. Sundararajan resigns end of this current month and a ultimate conclusion, which presently rests with the DoT, may take some time, sources up to date said. The punishment on Airtel and Vodafone works out to Rs 1,050 crore each. On account of Idea, it comes to about Rs 950 crore. Blended Vodafone Idea, be that as it may, would need to pay a punishment of Rs 2,000 crore. Read More

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