Decision on selling licenses to deprive revenue of billions

Decision on selling licenses to deprive revenue of billions

Vadodara: “The decision of Bharat Sanchar Nigam Limited (BSNL) on sale of licence to realty and retail companies will deprive the central exchequer of potential revenue running into billions of dollars," G.L. Jogi, General Secretary of Sanchar Nigam Executives Association (SNEA) said.

Jogi said that the Department of Telecommunication (DoT) stood fully exposed on this issue which allowed these inexperienced companies in telecom activities, in making huge money by selling their recently acquired licences bundled with 4.4 mhz of spectrum per circle at throw away prices to international telecom giants at huge premium.

Jogi was in the city with the three days 27th All India Conference of SNEA starting from today.

“Despite all the warning from Prime Minister’s office, Ministry of Finance and other central agencies on refraining from allocating the precious 2G spectrum in Arbitrary manner, DoT went ahead with such allocation, and thus deliberately deprived national exchequers of thousands of crores of revenue," he said.

According to him, these huge sums find their place in the kitties of realty estate and retail companies.

Jogi said: “The decision of BSNL to allow private operators to roam on BSNL network and consequent use of 2G spectrum, is a political one, based on purely extraneous considerations not caring about BSNL’s future finances."

“About 1300 delegates from various parts of the country have been attending this annual conference and will dicuss on various issues and demands raised by them," he said.