The government may take action in terms of encashing the bank guarantees of telecom service providers (TSPs) in case they “immediately” fail to pay their spectrum usage charges and the licence fees in compliance with the Supreme Court order of October 24 last year.In letters to different telecom circles, the zonal telecom units of the Department of Telecom (DoT) have not explicitly raised the issue of encashment of bank guarantees in the communications to the telecom service providers, but mentioned “necessary action under the Licensing Agreement without any further notice” which indicates towards two courses of action — either encashment of bank guarantee or cancellation of licence.
Telecom Firms Warned Of “Necessary Action” If Dues Not Cleared Immediately
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