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

By April 19th, 2012 AT 12:02 PM

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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