Telecom Minister Hits Out At Vodafone
By MYBRANDBOOK
Telecom Minister Ravi Shankar Prasad on Monday hit out at British telco Vodafone for “dictating” terms to India when it threatened of withdrawing from the Indian market following a SC ruling. He said Mahanagar Telecom Nagar Ltd and Bharat Sanchar Nigam Ltd are strategic assets that should remain in the fray and ensure better competition.
After the Supreme Court”s ruling on the adjusted gross revenues (AGR) that created a liability of Rs 1.4 lakh crore for telecom firms, Vodafone’s global leadership had cast doubts over the future of the company in India. I don”t appreciates this kind of statement, firmly and clearly. We have given all the options of doing business but no one should dictate terms to us. India is a sovereign country,” Prasad said while speaking at the Times Network”s India Economic Conclave.
“India is a sovereign country, we are open to give all the benefits, all the indulgence, all the help, open to all the suggestions. But, any form of dictation is plainly not acceptable,” the minister said. The Minister welcomed the explanation given by the company, wherein it had said those remarks were misquoted.
He said the government has given a potential benefit of up to Rs 42,000 crore by agreeing to defer the spectrum repayment period for the telcos and expressed an inability to do anything beyond that.
State-owned companies such as GAIL and RailTel Corporation of India have also made representation to the ministry.Prasad exhorted the private sector telcos to provide flawless service with enriching customer experience by making the right investments.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Autodesk continually pushing the boundaries in the Design and
Autodesk’s vision is of a better world designed and made for all. It inte
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
ZOHO CORPORATION PVT. LTD.
BPE INDIA PVT. LTD.
DRUVA SOFTWARE PVT. LTD.
LENOVO INDIA PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : ASHISH KUMAR CHAUHAN
Ashish kumar Chauhan, an Indian business executive and administrator, ...
ICONS OF INDIA : SOM SATSANGI
With more than three decades in the IT Sector, Som is responsible for ...
ICONS OF INDIA : SANTHOSH VISWANATHAN
Santhosh Viswanathan is the the Vice President and Managing Director f...
PARTNER SPEAKERS
PSU
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
GeM - Government e Marketplace
GeM is to facilitate the procurement of goods and services by various ...
UIDAI - Unique Identification Authority of India
UIDAI and the Aadhaar system represent a significant milestone in Indi...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - ARVIND KRISHNA, CEO – IBM
Arvind Krishna, an Indian-American business executive, serves as the C...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
