Shares of Bharti Airtel is trading lower by 4% at Rs 313, extending its Friday’s 3% fall, on reports that the telecom regulatory may impose an additional penalty on the company for offering 3G services in the circles where it does not have spectrum.
“The Department of Telecommunications (DoT) is likely to impose an additional penalty of Rs 204.35 crore to the country’s largest telecom operator by subscriber base Bharti Airtel for offering 3G services in the seven service areas, through intra-circle roaming pacts with other operators, where it does not have required spectrum,” the Business standard report suggests.
According to a recent discussion, the department has found while the operator has earned money by offering the 3G service in the seven circles where it does not have required spectrum, it has not paid the spectrum usage charges (SUC) for the same, added report.
The stock opened at Rs 323 and hit a low of Rs 312 on BSE. A combined 1.59 million shares change hands on the counter so far on BSE and NSE.
“The Department of Telecommunications (DoT) is likely to impose an additional penalty of Rs 204.35 crore to the country’s largest telecom operator by subscriber base Bharti Airtel for offering 3G services in the seven service areas, through intra-circle roaming pacts with other operators, where it does not have required spectrum,” the Business standard report suggests.
According to a recent discussion, the department has found while the operator has earned money by offering the 3G service in the seven circles where it does not have required spectrum, it has not paid the spectrum usage charges (SUC) for the same, added report.
The stock opened at Rs 323 and hit a low of Rs 312 on BSE. A combined 1.59 million shares change hands on the counter so far on BSE and NSE.
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