DoT releases bank guarantee of around Rs 9,200 cr of Bharti Airtel, Vodafone Idea and Reliance Jio

Under the amended norms, telecom operators will be required to provide a performance BG of up to Rs 44 crore for each service for the telecom licence compared to Rs 220 crore mandated under the old rule. Similarly, telecom operators will need to provide a financial BG of maximum Rs 8.8 crore per circle now, against the previous requirement of Rs 44 crore.

via Economictimes

No comments