In a bid to save its cellular licence, Koshika Telecom today offered to give 100 per cent revenue earned from its Uttar Pradesh (east) cellular circle to department of telecommunications (DoT) for adjustment of dues.
This comes after the DoT notification that it has terminated the cellular mobile telephone service licence of Koshika Telecom Ltd in Uttar Pradesh (east) circle for non payment of dues amounting close to Rs 450 crore.
The licence to Koshika was granted in December 1995 for four circles. However in 1999 its licences for Bihar, Orissa and Uttar Pradesh (west) were canceled for non payment of dues.
Vinay Rai, chairman, Koshika Telecom said,
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app