Ratan Tata’s acqusition on subscriber number authenticty gets a blow.

ET & PTI report that TRAI chairman, Nripendra Misra has confirmed that the figuers of subscribers released by cellcos are authentic. Earlier Tata group chairman Ratan Tata had questioned the authenticity of subscriber numbers released by cellcos on which they are eligible for further spectrum according to TRAI and DoT spectrum allocation policy.

“The figures announced by mobile operators every month are correct and authentic.” said Misra

Telecom Minister, Dayanidhi Maran in a statement said

“Best of international practices are being followed which is very stringent in subscriber counting and definitely we believe the operators.”

It is high time that the Ratan Tata realize he is dealing in one of the most competative Telecom markets in the world and better conduct himself professionally without laundering money from group companeis & making false acquistions against respectable and competative Indian Telcos.

In a separate development TRAI released a paper on 3G spectrum allocation. Details here.