Airtel, Vodafone, Idea, Aircel, RCom, TTSL heavily understated revenue, alleges CAG

Follow Us

Bharti Airtel, Vodafone India, Idea Cellular, RCom, Aircel and Tata Teleservices have allegedly understated gross revenue of over Rs 46,000 crore for a period between 2006-07 and 2009-10, the Comptroller and Auditor General (CAG) claimed.

mobile




According to a TOI report, the CAG also claimed that these six telcos denied the government its share of income which has been estimated at more than Rs 12,400 crore during the same period.
The CAG also slammed the telecom department for overlooking the irregularities and misreporting facts, the report said.

The auditor has calculated these losses on inspections of the books of accounts of these telcos, and on actual earnings. For the last report on the 2G spectrum, the CAG had calculated the losses based on policy flaws.

These telcos had earlier moved different courts challenging the mandate of the auditor to audit their financial book. However, an order by the apex court in April 2014 settled the issue in favour of the CAG and compelled these telcos to share their accounts for inspection.

Reported By

Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

Recent Comments

TheAndroidFreak :

Off Topic :Nothing Phone 3

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

rks :

Kahan kahan kiya Bhai Mera village Aaj bhi tujhe pukare jo 2g lagaya h usko 4g kar de Zara.

Vi Added 100 Towers Every Hour to Expand Network

TheAndroidFreak :

Off Topic: REDMI Turbo 4 Spotted on BIS Certification with model no 2412DPC0AI 6.67",1.5K Resolution 120HZ Refresh Rate MTK Dimensity…

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

TheAndroidFreak :

Off Topic: Poco F7 Ultra camera 50MP Light Hunter 800 1/1.55" OIS Primary 32MP 120° FOV Ultra-wide 50MP JN5 1/2.76"…

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

TheAndroidFreak :

Off Topic : Battery life will be crazy. ??

OnePlus 13 and Xiaomi 15 to Feature Qualcomm Snapdragon 8…

Load More
Subscribe
Notify of
16 Comments
newest
oldest most voted
Inline Feedbacks
View all comments