RJio proposes fool proof telecom revenue reporting system

Image
Press Trust of India New Delhi
Last Updated : Jul 09 2014 | 8:53 PM IST
Telecom operator Reliance Jio has proposed to use fully automated "fool proof" system for generating financial statements for its two separate spectrum bands that attract different charges.
RJio holds pan-India broadband spectrum on which it has to pay annual spectrum usage charge (SUC) of 1 per cent of its revenue earned from telecom services.
The company in February acquired spectrum in 1800 Mhz band, widely known as 2G spectrum, which can now be used for 4G services. The SUC for these airwaves is 5 per cent.
The DoT had invited suggestions from companies that hold different combination of spectrum for transparent reporting of revenues from separate services.
"...Revenue segregation mechanism implemented by RJIL is simple, fool proof, free from tampering by the operator and captures detailed usage and charging information along with spectrum wise demarcation for each service," Reliance Jio Infocomm Limited (RJIL) said in a letter to the Department of Telecom.
RJio said that all revenue flow around call data record and the 4G system allows to connect billing system with call in real time unlike in legacy GSM and CDMA system where call data records are taken at some intervals for billing.
The company said its system is completely automated that will link sources of call data record right up to accounting systems that would generate the reports for the DoT.
"Further it is proposed that an empanelled auditor appointed for certifying metering and billing system will also certify the methodology and systems for segregation of revenues between different spectrum," the letter said.
RJio has said that it will maintain call data record for 8 years and the company will submit revenue report every quarter.
The DoT has to take final call on the proposal. Other telecom operators like Airtel also has to submit its plan for reporting revenues from different spectrum band but their status could not be ascertained.
*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

First Published: Jul 09 2014 | 8:53 PM IST

Next Story