PS 312 days ago

Airtel and Vodafone do not have Ambani''s midas touch. While Vodafone was hit by a USD 2 BILLION retrospective tax and both incumbents were forced to pay to their nose for 2g & 3g spectrum. Jio was allowed to use the 4g spectrum of RCOM without being accountable to RCOM''S Rs 20000 crores DOT dues. SupriseD that DOT officials have intrepreted the DOT claims to include Gross revenue earned and not core telecom revenues and have sent notices to all telecom players , ISP providers ,GAIL, RaiLtel ,etc. DOT has not touched Ambani brothers. Feel foreign investors will note this and be cautious of crony capitalists and corrupt bureaucrats. Lets see what happens if BPCL is sold to a MNC or an Ambani.