Spice

Spice furnished false financial statement: DoT New Delhi: The government on Wednesday stuck to its stand of rejecting the application of B K Modipromoted Spice Communication for a pan-India GSM licence as it did not have the required networth and accused the company of furnishing “false” statement about the company’s financial details. In its reply filed in the telecom tribunal TDSAT, where the Spice had challenged the DoT decision to reject its application, the government said that Spice Telecom was considered for award of telecom licences only for four additional circles as it has a networth of Rs 350 crore only, making the company eligible only for six circles. Appearing on behalf of the Department of Telecom (DoT), the Solicitor General G A Vahanvati said...

Msg By Ms Dolly AVR