TRAI Says, No Separate Exit Policy – No Refunds For Telcos Wanting To Exit

In a major setback for mobile service operators, especially those whose mobile service licenses has been canceled by the Supreme Court under 2G verdict and who want to shut operations in India like Etisalat DB, STel and Loop Telecom ect., the Telecom Regulatory Authority of India (TRAI) said there was no need for a separate exit policy.

In its recommendations to the Department of Telecom (DoT), TRAI said “Presentiy there is no need for a separate exit policy for all types of licences and the entry fee paid by the licensees will continue to be non-refundable as per their license terms and conditions.”

India’s telecom watchdog further added that “Present conditions in various licences (CMTS /UAS /ISP) with regard to their surrender (licensee can surrender its licence by giving at-least 60 days notice, (30 days in case of ISP license) shall continue to be applicable.”

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16 Comments on "TRAI Says, No Separate Exit Policy – No Refunds For Telcos Wanting To Exit"

 

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Emad
April 20, 2012 2:42 pm 2:42 PM

TRAI = Bunch Of Idiots

Vipul
April 20, 2012 12:22 pm 12:22 PM

@Ramesh Darji
how ridiculous to make this Telcos innocent!!!!!!!
Were not their GMs and whos-who aware of the fact that they were conducting illegal trade?
of course they were.They were at that time happy coz they got the cheapest deal and made huge profit.
and dont worry about their licence fees.
they have made thousands time that amount over the year.
and for unemployment,some other Telcos gonna absorb the vaccum but at the cost of employees’ benefits and salary.
the govt’s duty should be to arm-twist these black-listed Telcos to pay their employees’ dues with proper compensation

Pratik
April 20, 2012 12:12 pm 12:12 PM

Foreign Company is also responsible for this mess not directly.

Before purchasing share in any company each company check the creditability and authenticity of that company. So I think Foreign Company knew that how the license was given to those company. It’s is nessasary to teach lessaon to thoes foreign company. So in future they just invest in right kind of company.

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