Vodafone Idea Ltd will pay the remaining amount of license fee by April 15 along with the interest. Days after the Department of Telecommunications issued a show cause notice to the company over non-payment of license fee in seven circles, Vodafone Idea said, in a regulatory filing, that it will send a suitable clarification to DoT on the same. It said that payment of license fee is a regular quarterly exercise based on self-calculation of revenue for each quarter. Generally, the payment is made on 15th day of the month following the quarter end, but in the fourth quarter, an estimated payment is required by March 25.
State-owned Bharat Sanchar Nigam Ltd (BSNL) expects the rollout of 4G services to be completed in 18-24 months, Parliament was informed on Wednesday. The government has no plan to privatise BSNL, Minister of State for Communications, Sanjay Dhotre said in a written reply to the Lok Sabha.
BSNL had invited an Expression of Interest (EoI) on January 1, 2021, for prior registration/Proof of Concept (PoC) from Indian companies interested in participating in its upcoming 4G tender, he said. BSNL will follow the applicable Rules/guidelines/Public Procurement orders of the Government, including Rule 144(xi) of the General Financial Rules, 2017 in this regard, he added.
Read more about Vodafone seeks to raise up to 2.8 billion euros from towers IPO on Business Standard. The base offer size is 2 billion euros, but there is scope to increase it to 2.8 billion euros
Read more about TRAI suspends norms for commercial text messages for one week on Business Standard. This comes after following disruptions in SMS and OTP deliveries for banking, payment, and other transactions
Read more about Telecom tower firms buying assets across Europe as 5G rolls out on Business Standard. American Tower, which has nearly 200,000 towers globally, has a quarter of that number in Europe