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Thursday, May 20, 1999
AG indecision to cost Rs 4,200 cr
NEW DELHI, MAY 19: The telecom sector may have to bear the burden of a whopping Rs 4,200 crore owing to the delay in the Attorney General's (AG) decision on resolving the issue of high licence fees of the existing licensees. This will be in addition to the Rs 3,000 crore that the telecom operators already owe to the Government on account of 80 per cent of the licence fees for 1998-99 which is still unpaid.The Cellular Operators Association of India (COAI) has called for a meeting of its Executive Council on Friday which will discuss some of these major issues which stare the industry in the face. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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