2G scam: More trouble; Telecom players to pay Rs 37,000 cr?

New Delhi, Feb 8: Government has given major shock to the telecom industry as the Telecoms players including Bharti, Airtel, Vodafone, Idea might have to pay Rs 37,000 crore for the excess spectrum that they hold.

It has been expected that a draft Cabinet note will be finalised within a week and a decision will be taken in the next two weeks, sources claimed.

If any telecom players are holding spectrum in excess of 6.2 megahertz, then they will be charged.

According to the note, the spectrum should be charged from the date of the allocation. It is not a setback to the government as out of 122 MHz, 67 is held by BSNL.

However, this latest move may be a major setback to the telecom industry as the supreme court cancelled 122 licenses allotted to the players.

OneIndia News