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Construction : Telecom | May 2016 | Source : Infrastructure Today

Telecom companies play debt card

Telecom companies told the Supreme Court that the entire sector is under huge debt. Therefore, a zero tolerance on call drops should not be imposed on them. Refuting the TRAI allegations that telecom service providers are making huge gains, the companies told the apex court they have been investing hugely on infrastructure. ¨TRAI said we have been making Rs.250 crore daily but what was not specified is that we are under huge debt. We have to pay over Rs.3.8 lakh crore.

We are buying spectrum at Rs.45,000 crore, which was earlier Rs.1,658 crore. We are not gaining anything and our rate of return is less than one percent at the end of a year,¨ said senior advocate Kapil Sibal.

 
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