At a time when all the Telcos in India are announcing mega expansion plans, Telecom Commission is busy finalizing the penalties on them for no show in some circles.
Idea Cellular which had a moderate start on Dalal Street announced a $2 Billion investment to move towards PAN India footprint. Bharti Airtel, already the largest Mobile Service provider has announced its plans to invest $8 Billion in the next 4 years and control 25% of the Indian market.
Reliance Communications, Tata Teleservices and Bharti Airtel have all failed to provide 90% services under the obligation of Unified Access Service license and hence are liable to pay penalties. RCom may suffer the worst with Rs 147 crore followed by Tata Teleservices for Rs 126 crore and Bharti Airtel for Rs 42 crore.
goBroadband Take on Hutch: Let whatever noise the Ruias of Essar make, Vodafone takeover will sail smoothly as everybody from the PMO to TRAI want more service providers, more competition, more foreign investment and more jobs in India.
Tags: Telecom India, Vodafone, Reliance, Tata