Govt announces fresh compensation package for cellular players

New Delhi, Dec. 24: Government on Wednesday announced fresh concessions for telecom players at a cost of Rs 968 crores while singling out cellular operators for additional benefits in view of the heavy licence fee paid by them.

Offering a two per cent revenue cut for telecom operators under all categories, government gave an additional two per cent cut in revenue share for cellular operators, who in turn announced withdrawal of their case in the Supreme Court against the WLL services by basic operators.

Announcing the package, Union communications minister Arun Shourie told reporters that the government would reduce its revenue share by two per cent across the board for operators in cellular, basic and unified categories and this would cost it Rs 885 crores annually. (PTI)