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ICICI warns against DoT entry into cellular services
PRESS TRUST OF INDIA
NEW DELHI, January 20: The country's premier financial institution ICICI has warned against the entry of Department of Telecommunications (DoT) as a third cellular operator, saying it would be detrimental to existing operators. "The entry of third operator before consolidation of business would be detrimental to existing operators. DoT should refrain from entering as a third operator at least for another five years," ICICI said in a presentation to the core committee on infrastructure.This is in line with the apprehensions of private cellular operators who feel that a third operator would "hasten their demise". ICICI which is financing some metro cellular projects, has, however said, "As and when a third operator enters, same licence fee should be levied on the third operator." It has also supported the demand of the industry for an extension of the licence period.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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