Under-reporting revenues: Private telcos showcaused
12 Aug 2014 12:51 AM GMT
The Union Government has issued show cause notices to leading telecom companies—Airtel, Vodafone, Idea, Aircel, Reliance Communications and Tata Teleservices— for under reporting their revenue while companies have refuted the charges, the Parliament was informed on Monday.
‘During scrutiny of the documents submitted by licensees (telecom operators), Department of Telecom has noticed that the records submitted by some private telecom companies give indication of under reporting of revenues,’ Telecom Minister Ravi Shankar Prasad said in Lok Sabha.
Show cause notices were issued to the companies in whose books the DoT observed that revenues were under reported, he added.
The list shared by the minister showed two notices were issued to Dishnet Wireless (now Aircel) on 9 April, one each to Aircel on 27 March, Idea Cellular on 20 March, Vodafone on 25 March, Tata Teleservices on 20 March, Bharti Airtel on 19 March and RCom on 18 March this year.
‘Each of them has refuted the charge and claimed that their revenue details have been worked out keeping in view various court judgements and hence are in order,’ Prasad said.
‘During scrutiny of the documents submitted by licensees (telecom operators), Department of Telecom has noticed that the records submitted by some private telecom companies give indication of under reporting of revenues,’ Telecom Minister Ravi Shankar Prasad said in Lok Sabha.
Show cause notices were issued to the companies in whose books the DoT observed that revenues were under reported, he added.
The list shared by the minister showed two notices were issued to Dishnet Wireless (now Aircel) on 9 April, one each to Aircel on 27 March, Idea Cellular on 20 March, Vodafone on 25 March, Tata Teleservices on 20 March, Bharti Airtel on 19 March and RCom on 18 March this year.
‘Each of them has refuted the charge and claimed that their revenue details have been worked out keeping in view various court judgements and hence are in order,’ Prasad said.
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