Telecom dept asks Voda India, Airtel to pay Rs 3,050 cr in penalties: ET

Telecom dept asks Voda India, Airtel to pay Rs 3,050 cr in penalties: ET

The has asked and to pay within three weeks Rs 3,050 crore as penalties for allegedly breaking licence terms by denying Reliance Jio Infocomm their networks, the Economic Times reported Friday two weeks after the government announced a relief package for the industry.

Airtel has to pay Rs 1,050 crore and Rs 2,000 crore for the alleged violation of norms on points of interconnection (PoIs) in 2016, said the newspaper.

The Telecom Regulatory Authority of India (Trai) had recommended fines in 2016; the accepted its recommendations in June 2019 but had not served the notices till now.

Vodafone and Idea merged in August 2018.

The union cabinet on September 15 approved a relief package for its cash-strapped telecoms sector including a four-year moratorium on airwaves payments due to the government. The measures gave breathing space to debt-ridden Vodafone Idea, which previously said it runs the risk of a shutdown without government help and more time to pay dues.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link