Bharti, Idea decline on govt show-cause notice

Written By Unknown on Kamis, 14 Maret 2013 | 21.03

Telecom operators Bharti Airtel and Idea Cellular were under pressure since initial trade on Thursday after reports that the government has sent show-cause notices to 5 telecom firms for alleged understatement of revenues of over Rs 10,000 crore for financial years 2006-07 and 2007-08.

According to the information provided by the parliament, the government has sent show cause notices to Reliance Communications for revenue under stated of Rs 3,402.92 crore, Tata Teleservices (Rs 3,156.46 crore), Bharti Airtel  (Rs 1,927.50 crore), Vodafone (Rs 1,490.94 crore) and Idea (Rs 848.87 crore).

The total amount of revenue under stated is Rs 10,826.69 crore and the total licence fee demand raised, which also includes interest is Rs 1,841.67 crore from these telecom companies.

However, the issue has been stayed by the Kerala High Court, Telecom Disputes Settlement Appellate Tribunal (TDSAT) and Chennai High Court, Minister of State for Communications and IT Milind Deora said in a written reply to the Lok Sabha.

"Special audit of five major private telecom group companies including the Vodafone group has been conducted for the financial years 2006-07 and 2007-08," Deora added.

At 15:08 hours IST Bharti Airtel, which lost 2.7 percent intraday, was quoting at Rs 315.10, down 0.79 percent.

Meanwhile, Idea Cellular declined 0.87 percent to Rs 114.20 on Bombay Stock Exchange.

(With inputs from PTI)



Anda sedang membaca artikel tentang

Bharti, Idea decline on govt show-cause notice

Dengan url

http://kebugaranhidup.blogspot.com/2013/03/bharti-idea-decline-on-govt-show-cause.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Bharti, Idea decline on govt show-cause notice

namun jangan lupa untuk meletakkan link

Bharti, Idea decline on govt show-cause notice

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger