SME Times is powered by   
Search News
Just in:   • White paper on black money tabled in LS  • Rupee slips to a record low of 55 against a dollar  • Myanmar economy set to boom: Report  • IT industry seeks clarity on software exports: Murthy  • Sensex closes flat on weak rupee 
Last updated: 22 Feb, 2012  

Idea.9.Thmb.jpg Idea Cellular seeks clarification on licence cancellation

Idea.9.jpg
SME Times News Bureau | 22 Feb, 2012
Telecom service provider Idea Cellular, whose nine licences stand cancelled following an apex court verdict earlier this month, Tuesday said it has filed an application with the registrar claiming it had sought the licences much before 2008.

"Arising from the Supreme Court Order of Feb 2, 2012, Idea Cellular has today (Tuesday) filed a 'clarificatory application' with the registrar, restricted only to the UASL ((Unified Access Service License) applications made by Idea in June 2006," the company said in a statement in New Delhi.

Idea also said that the firm's license applications were covered by clause 23 of the UASL guidelines dated Dec 14, 2005, to be made on a continuous basis, and were required to be processed within 30 days of their application.

"Factually, within the 30 day period, there was no other applicant. Idea's license applications were unjustly delayed until 2008, otherwise they fall in the same category as other 2004 and 2006 UASL applications mentioned in the judgment, but which do not form part of the cancelled licenses."

"The clarificatory application has been filed, seeking further direction from the Supreme Court."

Idea Cellular has over 106 million subscribers across the country.
 
Print the Page Add to Favorite
 

Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

   Top Stories
» Rupee slips to a record low of 55 against a dollar
» Experts welcome SIDBI fund for service sector start-up SMEs
» Forex reserves drop by USD 1.37 billion
» Amid global woes, exporters seek more support
» Rupee crisis a great concern: Pranab
 
  Commented Stories
» Credit rating can help SMEs in more ways than one(20)
» Exporters need push, not pull(10)
» SME Conclave – awareness on SME stock exchange(6)
» Share of MSME sector in GDP to touch 10 pc: Ashok Chawla(6)
» Yamaha records domestic sales growth of 53 pc(3)
  Customs Exchange Rates
Currency Import Export
US Dollar
53.10
52.25
UK Pound
86.00
84.15
Euro
70.35
68.70
Japanese Yen 65.50 63.85
As on 21 May, 2012
  Daily Poll
Do you think RBI's deregulation of export credit interest rate in foreign currency will affect exporters?
 Yes
 No
 Can't say
 
 
 
 
About Us  |  Contact Us  |  Feedback |  Success Stories |  Tradeindia in News  |  Get Listed | 
Sitemap  |  Terms of Use |  Useful Links |  Trade Bodies