BJP accused Telecom
Minister Kapil Sibal of misusing his Cabinet position to give
a penalty waiver to Reliance Communications and maintained
that by terming the PIL on the issue a move to defame him he
is insulting the courts.
Reliance Webstore, the retail arm
of Reliance Communications, on Thursday said it has forayed into
handset distribution and plans to have a network of 10,000
outlets across the country in the next three years.
A government appointed auditor is understood to have found inflation of revenues by Rs 2,915 crores by Anil Ambani group firm Reliance Communications in 2007-08, besides evasion of Rs 315 crore in licence fee.
Auditors appointed by the government to look into violation of revenue reporting norms are understood to have submitted the report on Reliance Communication and their findings on other telecos would follow in the coming weeks.
Intensifying the tariff war in the fast-growing telecom market, Anil Ambani group firm Reliance Communications has cut all call rates to 50 paise per minute flat across networks effective from tomorrow.
Anil Ambani-led Reliance
Communication on Tuesday said the draft prospectus for the initial
public offer of its telecom tower subsidiary Reliance Infratel
will be filed with market regulator SEBI shortly.