Indian telcos Reliance Communications (RCOM), Bharti Airtel, Vodafone India and Tata Teleservices (TTSL) are expected to face penalties for under-reporting revenues, reports India Today. The Department of Telecommunications (DoT) will next week issue notices for the telcos to pay a combined total of INR15.94 billion (USD279.5 million) in fines, following an investigation into the companies’ earnings between 2006 and 2008. Earlier this year, the government had ordered an external audit of the telcos’ books to ensure that they had shared the correct revenue with the exchequer.
Follow this link:
OVETEL Telcos face USD280m fines for under-reporting revenues
No comments:
Post a Comment