Delhi: Bharti Tele-Ventures Ltd has decided to surrender
four of its fixed line services licences to the Government
and claim a refund of Rs 145 crore paid for them.
company said that it has informed the Department of
Telecommunications that it would surrender its licences
for the New Delhi, Haryana, Karnataka and Tamil Nadu
regions in the wake of a new unified access licensing
regime that came into effect in November last year.
unified licence allows operators to offer both cellular
and fixed services.
Since Bharti already has unified licences in these four
circles, it did not make sense for the company to hold
on to the fixed line licences.
surrendering the licences, Bharti will also get a refund
of the performance bank guarantee. It will also be exempted
from the rollout obligation of covering villages in
the four circles.
move is necessitated by a change in the policy which
did not take
into account fixed and mobile licences being held by
the same group company in the same service area, thereby
resulting in a redundant licence," a company statement