Friday 31 December 2010

Etisalat DB faces India hurdles - The National

Etisalat's Indian subsidiary has paid an Dh8.1 million (US$2.2m) penalty to the Indian Government for failing to launch second-generation mobile services on time but faces further charges relating to spectrum licences the operator was awarded in 2008.

Last month, Etisalat DB was named among the companies in a government report that found the prices paid for companies were "unbelievably low" and forced Andimuthu Raja, India's telecommunications minister, to resign from his post.

The Indian government is now determining whether it should rescind some or all of the 122 spectrum licences it awarded in 2008 to nine companies for 123.9 billion rupees (Dh10.12bn). The auditor general alleged that as much as $40bn of revenue was potentially lost by the government.

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