For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Bharti Airtel shocked at Rs.650 crore notice, to appeal

By Super
|
Bharti Airtel shocked at Rs.650 crore notice, to appeal
New Delhi, July 11 (IANS) Telecom service provider Bharti Airtel Thursday expressed shock and disappointment at receiving a demand notice of Rs.650 crore from the Department of Telecom (DoT) pertaining to its subscriber local dialing (SLD) service between 2002 and 2005.
 

"Bharti Airtel believes that the demand for penalty of Rs. 650 crore is devoid of any merit and has no justification both on facts and in law," the company in a statement.

"We are disappointed that the DoT - which has the bounden duty to act rationally, has thought it fit to issue such a baseless penalty order, leaving us with no choice but to litigate. We wish the DoT was mindful of the damage such meritless demands have on investor sentiment and the frustration such actions cause to the companies engaged in vital infrastructure."

Late last month, DoT slapped a Rs.650 crore penalty on Bharti Airtel for violating roaming norms in 13 circles between 2003-2005.

The company further said: "We urge the DoT to set out a cogent policy on imposition of penalties so that the telecom companies can operate in a rational and transparent environment."

Read more about: airtel
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more