DoT cancels 71 LoIs for providing net service as virtual network operators

The Department of Telecom has cancelled letters of intent (LoIs) issued to 71 firms for providing internet service as virtual network operators, as per an official note issued on Friday

Sharp reduction in capex and an increase in operating profit led to a 49% jump in operating free cash flows on a sequential basis
Press Trust of India New Delhi
1 min read Last Updated : Oct 01 2021 | 7:16 PM IST

The Department of Telecom has cancelled letters of intent (LoIs) issued to 71 firms for providing internet service as virtual network operators, as per an official note issued on Friday.

The virtual network operator (VNO) permit allows firms to resell internet services of telecom companies under their own brand.

According to the DoT note, LoIs were issued to the firms based on applications submitted by them but the department has not received any reply from them even after extension of deadlines.

The applicant companies were required to submit the compliance status of LoI within a period of 60 days from the date of its issue, failing which the same was to be cancelled.

"No response to LoI has been received by this office till date. Further, few companies have sent the compliance after expiry of the validity period of the LoI," the note said.

Accordingly, LoIs issued in response to the application stand cancelled and the applications submitted by the companies for ISP authorisation under unified license are closed, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

Topics :DoTVirtual Network Operatorsinternet service

First Published: Oct 01 2021 | 7:16 PM IST

Next Story