Telecom firms served notice for under-reporting revenues

New Delhi, Dec 12 The government has served a showcause notice on various telecom firms for allegedly under-reporting revenues of over Rs.10,800 crore till November 2012, Finance Minister Arun Jaitley said said in the Lok Sabha Friday.

“We have served notice for claims of Rs.10,826.69 crore to different telecom companies for under-reporting of revenues till November 2012,” he said during the Question Hour.

Jaitley said most of the companies have approached the Telecom Disputes Settlement Appellate Tribunal and various courts against the government notice and the tribunal and courts gave stay orders.

The Department of Telecom also registered many cases of under-reporting of revenues.

(IANS)

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

Optus Q3 FY26 Results: Mobile Growth, Network Resilience and Leadership Changes Drive Momentum

Optus delivered improved financial performance and operational progress in...

Singtel Q3 FY26 Results: AI, Digital Infrastructure and Airtel Gains Drive Profit Growth

Singtel Group has reported its business update for the...

TRAI revamps DND and MySpeed apps to fight spam and boost real-time network performance

The Telecom Regulatory Authority of India has launched revamped...

TRAI cracks down on spam in 2025 with over 7 lakh notices and 21 lakh telecom disconnections

Telecom Regulatory Authority of India has significantly intensified its...