Mumbai: Telecom shares nowadays won up to three.four according to cent after the inter-ministerial panel Telecom commission backed reducing of spectrum utilization fee to three according to cent of theirannual sales from next public sale.
stocks of Reliance Communications jumped 3.four consistent with cent to Rs 50.05 and Bharti Airtel climbed 2.seventy three in step with cent to Rs 358.70 on BSE.
concept cell rose by 1.28 in line with cent to Rs 106.70.
In what might be desirable information to cell operators, the inter-ministerial panel Telecom commissionhas subsidized lowering of spectrum utilization fee to three according to cent in their annual sales.
The panel also decided that the payout for companies anyways will no longer be decrease than whatthey’re presently paying at the present charge to save you loss of sales to the government.
“For future public sale, the Telecom fee stood by its earlier recommendation to levy 3 per cent SUC,” anprofessional supply had said.
The Telecom Regulatory Authority of India (Trai) has encouraged SUC at a uniform price of 3 in keeping with cent across the enterprise and regularly bringing it to 1 in step with cent.
The authorities in January 2014 decided to cap SUC at a flat five according to cent for spectrum thatchanged into to be procured in destiny auctions.
At that point, telecom operators have been asked to pay the weighted common of their current SUC (at the vintage fee of three–8 in keeping with cent) based totally at the quantum of spectrum they maintainand five in keeping with cent in the event that they acquire new spectrum.
(This story has now not been edited with the aid of NDTV staff and is auto-generated from a syndicated feed.)
story first posted on: June 08, 2016 13:11 (IST)
Tags: spectrum usage price, Telecom fee, Bharti Airtel, Reliance verbal exchange, concept mobile
