Mumbai: Telecom shares today gained up to a few.four consistent with cent after the inter-ministerial panel Telecom fee backed decreasing of spectrum usage price to three according to cent of their annualrevenue from next public sale.
shares of Reliance Communications jumped three.four according to cent to Rs 50.05 and Bharti Airtel climbed 2.73 in line with cent to Rs 358.70 on BSE.
concept mobile rose by using 1.28 in keeping with cent to Rs 106.70.
In what may be properly news to mobile operators, the inter-ministerial panel Telecom fee has sponsoreddecreasing of spectrum usage price to a few per cent of their annual revenue.
The panel also decided that the payout for providers anyways will not be lower than what they arepresently paying at the existing rate to save you lack of revenue to the government.
“For future public sale, the Telecom commission stood with the aid of its earlier advice to levy three percent SUC,” an official supply had stated.
The Telecom Regulatory Authority of India (Trai) has endorsed SUC at a uniform charge of 3 in step withcent across the enterprise and regularly bringing it to at least one consistent with cent.
The authorities in January 2014 determined to cap SUC at a flat 5 according to cent for spectrum thatchanged into to be procured in future auctions.
At that factor, telecom operators had been requested to pay the weighted average in their current SUC (at the antique charge of three–8 according to cent) based totally at the quantum of spectrum they maintainand 5 in step with cent in the event that they accumulate new spectrum.
(This tale has not been edited through NDTV staff and is car-generated from a syndicated feed.)
story first published on: June 08, 2016 thirteen:eleven (IST)
Tags: spectrum utilization fee, Telecom fee, Bharti Airtel, Reliance communication, concept cellular
