The Department of Telecom on Thursday issued letters of intent to Tata Teleservices, Loop Telecom (owned by BPL), Spice Communication, Shyam Telelink, Swan Telecom, Datacom, Idea Cellular, Unitech and STel. It has also also issued a letter of intent to Tata Teleservices in 20 circles to operate GSM-technology services under the crossover technology policy.
DoT issues 9 LoIs, gets over Rs 6,500 crore as licence fee (Business Stndard 11th Jan 2008)
Amid tight security and an altercation with HFCL chief Mahendra Nahata at Sanchar Bhawan, headquarters of the Department of Telecom (DoT), nine companies among 45 applicants were offered letters of intent (LoIs) for unified access service licences (UASL).
Within hours, a number of these companies paid the required fees and were allotted licences, but not the spectrum, the radio frequencies that enable wireless communications.
Among them were BK Modi’s Spice (which received only four licences though it had applied for 20), Idea Cellular, Tata Teleservices, Swan Telecom, STel, Datacom, Shippingstop.com, Unitech and Shyam Telelink.
Around eight of these companies paid the required licence fees and bank guarantees by late evening. By some estimates, the government received around Rs 6,500 crore from non-refundable licence fees alone from some of these companies (they have a 15-day payment limit). More
Chaos, drama at DoT office for getting letters of intent(The Hindu Business Line 11th Jan 2008)Telecom industry is so competitive that companies are literally at each other’s throat right from the time of taking the licence.
On Thursday it was total pandemonium at Sanchar Bhawan, the office of the Department of Telecom, as representatives of wannabe telecom companies literally got into fist fights and blows in a bid to be the first to get the letter of intent.
After keeping nearly 46 applicants on tenterhooks for almost three months, when DoT on Thursday announced that letters of intent (LIs) will be issued at 3.30 p.m., all hell broke loose as the companies made a beeline to the second floor of Sanchar Bhawan where the letter was being issued.
The clamour was so shrill that a representative of one of the applicants got a hired goon to ensure that it was his company which was the first to enter the gates. More
Amid tight security and an altercation with HFCL chief Mahendra Nahata at Sanchar Bhawan, headquarters of the Department of Telecom (DoT), nine companies among 45 applicants were offered letters of intent (LoIs) for unified access service licences (UASL).
Within hours, a number of these companies paid the required fees and were allotted licences, but not the spectrum, the radio frequencies that enable wireless communications.
Among them were BK Modi’s Spice (which received only four licences though it had applied for 20), Idea Cellular, Tata Teleservices, Swan Telecom, STel, Datacom, Shippingstop.com, Unitech and Shyam Telelink.
Around eight of these companies paid the required licence fees and bank guarantees by late evening. By some estimates, the government received around Rs 6,500 crore from non-refundable licence fees alone from some of these companies (they have a 15-day payment limit). More
Chaos, drama at DoT office for getting letters of intent(The Hindu Business Line 11th Jan 2008)Telecom industry is so competitive that companies are literally at each other’s throat right from the time of taking the licence.
On Thursday it was total pandemonium at Sanchar Bhawan, the office of the Department of Telecom, as representatives of wannabe telecom companies literally got into fist fights and blows in a bid to be the first to get the letter of intent.
After keeping nearly 46 applicants on tenterhooks for almost three months, when DoT on Thursday announced that letters of intent (LIs) will be issued at 3.30 p.m., all hell broke loose as the companies made a beeline to the second floor of Sanchar Bhawan where the letter was being issued.
The clamour was so shrill that a representative of one of the applicants got a hired goon to ensure that it was his company which was the first to enter the gates. More
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