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Clues by NC Team • 15 Feb 2019, Friday

The Department of Telecommunications (DoT) is considering to revive the public sector telecom service provider Bharat Sanchar Nigam Ltd (BSNL). The government had reportedly met top officials of the telco asking them to consider all options including a possible shutdown. The DoT is in the process of finalising a proposal before it is forwarded to the Digital Communications Commission for consideration. Digital Communications Commission, formerly Telecom Commission, is the highest decision-making body of the government in the telecom sector. However, BSNL has strongly denied the reports of government considering a closure proposal.

Read More at The Economic Times
Clues by NC Team • 11 Feb 2019, Monday

Cash-strapped MTNL has raised claims of about Rs 500 crore against the Department of Telecom (DoT) under multiple heads, including providing telecom services and reimbursement of employees-related payments made. The claims, currently under examination, reportedly date back to the year 2000-01 and onwards. The settlement of claims is crucial for MTNL, which incurs monthly salary of nearly Rs 180 crore and is yet to pay the wages for the month of January. For 2017-18, the revenue of MTNL - which operates in telecom circles of Delhi and Mumbai - stood at Rs 3,116 crore, with loss of Rs 2,973 crore.  

Read More at Times Now
Clues by NC Team • 7 Feb 2019, Thursday

Telecom tribunal TDSAT has directed the Department of Telecommunications (DoT) to release bank guarantees worth Rs 2,113.5 crore to Vodafone Idea. The DoT had sought the bank guarantee from the teleco on account of one-time spectrum charges (OTSC) as a precondition for approving the merger. The country’s largest telecom operator moved the telecom tribunal in October to recover bank guarantees worth Rs 3,322.44 crore that was paid ‘under protest’ to get the government’s approval for the merger. Shares of Vodafone Idea closed 9.73% up at Rs 32.70 on the BSE, having touched an intraday high of Rs 33 on Thursday. 

Read More at The Economic Times

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