Govt expects up to $1 bn from telecom fee

Govt expects up to $1 bn from telecom fee
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First Published: Fri, Nov 07 2008. 03 03 PM IST
Updated: Fri, Nov 07 2008. 03 03 PM IST
New Delhi: The government expects to earn Rs40-50 billion ($840 million to $1 billion) in revenues annually from a higher spectrum fee to be levied on mobile telecoms firms, Telecom Minister A. Raja said on Friday.
On Thursday, a telecoms ministry spokesman had said India planned to charge a fee of 1-2% of mobile operators’ revenue for using additional airwaves and would also levy a one-time charge for spectrum beyond 6.2 MHz.
The decision is likely to affect all leading telecoms operators, including No. 1 player Bharti Airtel and rivals Reliance Communications and Idea Cellular.
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First Published: Fri, Nov 07 2008. 03 03 PM IST