New Delhi: An Empowered Group of Ministers (EGoM) on Monday decided to refund licence fee of companies whose telecom licences were cancelled earlier this year but had no criminal charge against them. The EGoM, headed by Finance Minister P Chidambaram, also decided to recommend to the Cabinet a one-time fee on existing telecom operators for spectrum they hold beyond 4.4 MHz.
The Supreme Court in February had cancelled 122 licences granted during former Telecom Minister A Raja's regime. Operators wishing not to pay the additional fee would be allowed to relinquish the excess spectrum beyond 4.4 MHz. The one-time fee would be imposed from the day the Cabinet takes a decision on the matter.
Companies willing to retain excess spectrum will have the option of making staggered payments in yearly instalments, officials privy to the EGoM deliberations said. The government is likely to rake in about Rs 27,000 crore from the one-time fee, they added.
"If there is no case or no action is going on against telecom companies for no fault on their part (in obtaining licence in 2008), then the amount (licence fee of Rs 1,658 crore) will be refunded," an official said. He said the government will adjust this Rs 1,658 crore against the final price of spectrum that companies, whose licences were cancelled, will have to pay at the end of the November auction of airwaves....
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08:50 AM, Oct 09, 2012
New Delhi: Justice KS Radhakrishnan has been put on the Supreme Court bench to hear a bunch of pleas by the Centre and various telecom firms, seeking reviews of various aspects of the verdict cancelling 122 2G spectrum licences. He replaces AK Patnaik, who came in the place of Justice Asok Ganguly, who has retired. Justice GS Singhvi, who is heading the bench in the 2G matters, earlier on March...
01:07 AM, Apr 03, 2012
