The Union Cabinet has approved increasing the cap on spectrum that a telecom operator can hold to 35% from the earlier 25%. Revising the limit will facilitate the consolidation of telecom licensees and may encourage the participation in the future auction, the government said in a statement. Restructuring the deferred payment liabilities of spectrum auction has also been approved. Telcos now have a one-time opportunity to opt for a higher number of instalments—16, at most—to make payments, instead of the usual 10 instalments. This will essentially mean that companies will get 16 years to pay for airwaves. According to the government, it is set to receive over Rs 74,446 crore by 2034-35 as payments for spectrums. These recommendations were earlier endorsed by the Telecom Commission. The commission had also recommended lowering interest rate on penalties on outstanding dues of telcos…
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- Jio and Airtel showcase their surveillance systems at the India Mobile Congress 2022 October 6, 2022
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- Mozilla Report Accuses Google, Apple, Microsoft of Anti-Competitive Practices, Flags Shrinking Web Browser Choices October 5, 2022
- Event Announcement: Draft Telecom Bill, 2022, Delhi, 18th Oct October 5, 2022
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