Unitech gets start-up spectrum for Tamil Nadu

Unitech gets start-up spectrum for Tamil Nadu
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First Published: Thu, Apr 24 2008. 02 30 PM IST
Updated: Thu, Apr 24 2008. 02 30 PM IST
PTI
New Delhi: Real estate major Unitech, which posesses a pan-Indian telecom license has received the start-up spectrum to roll out services in Tamil Nadu.
Department of Telecom (DoT) has alloted 4.4 Mhz of spectrum in 1800Mhz band in Tamil Nadu, including Chennai, the company said in a notice to BSE.
The government in January issued the Letters of Intent (LOIs) to 8 subsidiaries of the Company for issuance of Unified Access Services Licences (UASL) in respect of all the 22 telecom circles across the country.
All the subsidiaries later paid the requisite Entry Fees of Rs1,658 crore, Financial Bank Guarantees of Rs630 crore and Performance Bank Guarantees of Rs252 crore.
Out of 120 LoI issued to companies in January license agreement has been signed with 16 companies, according to DoT.
Since spectrum is not available in busy circles, the Government has been giving spectrum to new operators wherever it is available to start services.
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First Published: Thu, Apr 24 2008. 02 30 PM IST