TRAI asks Govt to cancel 62 telecom licences

TRAI asks Govt to cancel 62 telecom licences

Telecom regulator TRAI today asked government to cancel 62 licences given to five new telecom companies including Etisalat (Swan), Uninor and Videocon, who were given licences in 2008.

The recommendation for this strong action was made to the Telecom Ministry today owing to the companies’ non-compliance or irregular roll-out of network, as laid down in the contract.

The action comes amid the Comptroller and Auditor General slamming the Telecom Ministry for irregularity and impropriety in giving licences to new players in 2008, causing a loss of a whopping Rs 1.76 lakh crore to the exchequer.


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