Bharti Airtel May be Slapped with Another Penalty of 650Cr and Impact


In its ongoing hate and love with Indian regulators, Bharti Airtel may be slapped with another fine of 650Cr for its violation of subscriber local dialling (SLD) based on PTI reports. Telecom ministry blamed Bharti Airtel that Bharti unabatedly offered national and international dialling service as local call even though DoT warned Bharti Airtel in 2003 but Bharti Airtel continued the service till 2005 inflicting heavy loses to BSNL and government exchequer. I am surprised to see the potential upcoming fine. Recently, DoT slapped 350 Cr fine on Bharti Airtel for 3G roaming violation. Two fine is more or less equal to last two quarter profitability. In ongoing situation of legal and regulatory bottleneck, I don’t see FDI would flow back in Indian Telecom Sector

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