Mumbai: Telecom shares today won up to three.four in line with cent after the inter-ministerial panel Telecom commission sponsored reducing of spectrum utilization charge to 3 in step with cent of theirannual sales from subsequent public sale.
stocks of Reliance Communications jumped three.4 in keeping with cent to Rs 50.05 and Bharti Airtel climbed 2.seventy three in keeping with cent to Rs 358.70 on BSE.
idea mobile rose through 1.28 in step with cent to Rs 106.70.
In what will be top information to cellular operators, the inter-ministerial panel Telecom commission hassubsidized lowering of spectrum usage charge to three per cent of their annual revenue.
The panel additionally determined that the payout for providers in any case will now not be lower than what they’re presently paying at the prevailing price to prevent loss of sales to the authorities.
“For destiny public sale, the Telecom fee stood with the aid of its in advance advice to levy 3 per cent SUC,” an legitimate source had said.
The Telecom Regulatory Authority of India (Trai) has encouraged SUC at a uniform charge of 3 in step withcent throughout the enterprise and steadily bringing it to 1 consistent with cent.
The government in January 2014 decided to cap SUC at a flat 5 in line with cent for spectrum that becameto be procured in future auctions.
At that factor, telecom operators had been requested to pay the weighted average in their present SUC (at the old charge of 3–eight according to cent) primarily based at the quantum of spectrum they hold andfive in line with cent in the event that they accumulate new spectrum.
(This tale has no longer been edited with the aid of NDTV workforce and is automobile-generated from a syndicated feed.)
tale first published on: June 08, 2016 13:eleven (IST)
Tags: spectrum usage price, Telecom fee, Bharti Airtel, Reliance communication, idea cell