In a major development, the Ministry of Communications & IT has cleared applications of nine telecom aspirants and is close to issuing them Letters of Intent (LoIs).
This will be followed by issuance of universal access service (UAS) licences and allocation of spectrum.
The LoIs will be issued during the week, if not tomorrow. However, the allocation of spectrum would take some time as the Department of Telecommunications (DoT) was finalising the amount of vacant spectrum, sources close to the development said.
The proposals of the new applicants were pending with the telecom ministry after the DoT’s approval last month. Telecom Minister A Raja approved the file today and asked the DoT to prepare a priority list for awarding licences, they said.
This would pave the way for rolling out of services by the nine companies, of which most of them had applied for pan-India licences.
Read the full report in ‘Business Standard’ here.
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