No BSNL-MTNL consortium yet for buying Kuwaiti telco

Last Updated: Monday, November 23, 2009 - 17:42

New Delhi: The state-run telecom companies--BSNL and MTNL-- have not formed any consortium so far with any other company to bid for Kuwaiti telecom major Zain Telecom, Minister of State for IT and telecom Gurudas Kamat told the Lok Sabha in a written reply on Monday.

The New Delhi-based Vavasi Group had approached BSNL and
MTNL as partners to form a consortium for buying stake in
Zain.

To a question whether some private telcos are causing
losses to the government by under-reporting earnings, Kamat
replied in the negative, saying, "The department reconciles
the revenues reported by companies with their annual audited
published accounts to ensure that the government revenues are
collected as per licence terms including applicable interest
and penalty."

He said the government also has no information to suggest
that companies are exaggerating subscriber figures. Kamat said
up to October 2009, the government disbursed Rs 1,635.53 crore
for Universal Service Obligation (USO) by the telecom companies. The
targeted allotment for the current fiscal is Rs 2,400 crore,
he said.

The USO is a levy collected from the telecom service
providers to raise resources for offering telecom services in
rural and remote areas.

PTI



First Published: Monday, November 23, 2009 - 17:42

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