financetom
Business
financetom
/
Business
/
DoT may propose cut in license fee for telecom operators, says report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
DoT may propose cut in license fee for telecom operators, says report
Dec 9, 2019 12:35 AM

The Department of Telecommunications is likely to propose a reduction in the universal service obligation fund charge by 2 percentage points to 3 per cent, reported The Indian Express. The move could reduce the license fee for telecom operators to to 6 percent of their adjusted gross revenue from currently 8 percent.

The Telecom Regulatory Authority of India has already recommended the cut in 2015 and the DoT’s task is to process it, noted the report. The DoT is expected to move the proposal before the Digital Communications Commission shortly, the newspaper reported, citing sources.

The reduction in USOF charges would provide relief worth Rs 3,000 crore annually to the telecom operators, noted the Indian Express.

The DoT, however, has not yet decided to provide any relief on the Rs 1.47 lakh crore of AGR dues and spectrum usage charge, it said.

First Published:Dec 9, 2019 9:35 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
May 7, 2024
* CICC to reduce investment banking headcount by at least 10%, sources say * Citic cutting around a dozen jobs in Hong Kong, sources say * Would be first major Chinese firms to cut jobs on large scale * JPMorgan ( JPM ) has reduced workforce on China deals, sources say * Slower dealmaking, weak economy weighing on sector HONG...
Geely, Foretellix partner to jump-start self driving car development
Geely, Foretellix partner to jump-start self driving car development
May 7, 2024
JERUSALEM, May 7 (Reuters) - Chinese automaker Geely and Israeli auto safety technology startup Foretellix formed a strategic partnership to accelerate safe large-scale development of self-driving vehicles, the two companies said on Tuesday. Foretellix and Geely will collaborate to integrate Foretellix's safety platform with Geely's development and verification and validation flows and advanced simulator, they said in a joint statement....
Spirit AeroSystems Encounters Headwinds In Q1 As Boeing 737 Issues Take Toll
Spirit AeroSystems Encounters Headwinds In Q1 As Boeing 737 Issues Take Toll
May 7, 2024
Spirit AeroSystems Holdings Inc ( SPR ) shares are trading lower after it reported first-quarter 2024 results, with revenue growth of 19% Y/Y to $1.703 billion, beating the consensus of $1.62 billion.  The revenue increase represents higher production activities on Commercial programs and higher Defense and Space revenues. Overall deliveries decreased to 307 shipsets during the quarter compared to 346 shipsets YoY. Spirit’s backlog stood at ~$49...
Allegiant Travel Shares Fall After Q1 Results, Guidance
Allegiant Travel Shares Fall After Q1 Results, Guidance
May 7, 2024
10:35 AM EDT, 05/07/2024 (MT Newswires) -- Allegiant Travel ( ALGT ) shares were down over 8% in recent Tuesday trading following its Q1 results and guidance. Earlier, the travel company reported Q1 EPS, excluding special charges, of $0.57, down from $3.04 a year earlier. Analysts polled by Capital IQ expected $0.45. Total operating revenue for the quarter ended March...
Copyright 2023-2026 - www.financetom.com All Rights Reserved