The Division of Telecommunications (DoT) has rejected to decrease or modify the license price for Vodafone Thought (Vi) that has been calculated for FY16 and FY17. Vi had objections associated to the quantity calculated. For FY16, the license price (LF) demand of Rs 1,749 crore and for FY17, the LF demand of Rs 1,524 crore has been questioned by the telco. The quantity additionally consists of the curiosity. This implies a complete quantity of Rs 3,273 crore as license price has been questioned by Vodafone Thought. Nonetheless, as per a list on the Bombay Inventory Change (BSE) from Vi, the telco’s objection and illustration have been disposed of by the DoT.
Learn Extra – Vi Might Lose Entry to Some Towers Leading to Protection Points for Customers
Vodafone Thought stated that it has written to the telecom division prior to now to appropriate the errors in calls for as much as FY 2016-17. Nonetheless, the DoT has not but acted on the request. Within the itemizing, it was talked about by Vi that there are a number of errors within the demanded quantity which have to be corrected. Vi occasion filed a assessment petition within the Supreme Court docket (SC) to hold out corrections of those errors, nonetheless, the identical remains to be pending.
The telco stated within the submitting that it’s at present “finding out” the response from DoT and can take the following plan of action on the premise of its understanding.
Learn Extra – Vodafone Thought’s Destiny Will depend on them Elevating Funds
It’s price noting that Vodafone Thought was additionally accused by the Indus Towers of deceiving TRAI (Telecom Regulatory Authority of India) in a difficulty associated to creating contractual funds to the tower firm. Indus has already identified to TRAI that it’s exploring its authorized choices to go after Vi and make the telco pay near a billion US {dollars} that it owes. Within the case of Vi, the telco says that it has not been in a position to make the funds due to not having ample funds to take action.
