I would like DoT in coordination with finance wing to scrutinize the entire exercise once again and suggest appropriate action latest by February 11, 2011,” Sibal wrote to the telecom department. He noted that BSNL made “massive upfront payments” for WiMAX, a technology that allows speedy broadband services . But it provided “cheap access” to the shell companies.
The penalty clauses for not complying with rollout obligations were weak - ranging between Rs 5 to 10 crore — while the spectrum was worth hundreds of crores. To date, none of the companies have shared any revenue with BSNL and no services have been provided. The firms were also allowed automatic renewal of contract and a one-year moratorium in payment after winning the bids.
To read more pl.click....BSNL gave away..
BSNL-gave-away-valuable-spectrum-to-shell-cos
The penalty clauses for not complying with rollout obligations were weak - ranging between Rs 5 to 10 crore — while the spectrum was worth hundreds of crores. To date, none of the companies have shared any revenue with BSNL and no services have been provided. The firms were also allowed automatic renewal of contract and a one-year moratorium in payment after winning the bids.
To read more pl.click....BSNL gave away..
BSNL-gave-away-valuable-spectrum-to-shell-cos
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