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TRAI recommendations will lead to eight-fold tariff hike: telecom chiefs

Investors believe that the company could either return the cash to shareholders through a dividend or inject it into the business to fuel faster growth.

Newly-elected French President Francois Hollande (L) with outgoing Culture Minister Frederic Mitterrand
Newly-elected French President Francois Hollande (L) with outgoing Culture Minister Frederic Mitterrand
Telecom chiefs, in a meeting with telecom minister Kapil Sibal, have said that accepting the Telecom Regulatory Authority of India's recommendations on 2G spectrum auction will raise tariff by as much as eight times.The heads of telecom companies had met Sibal on the issue of the high base price fixed for the auction of 2G spectrum and other TRAI recommendations, in the second such meeting in a week.The telecom chiefs claimed the sec...
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