DoT receives applications from 70 companies for MVNO license
The department had issued the MVNO policy on March 30 this year.
The Department of Telecom (DoT) has received application from 70 companies for the Mobile Virtual Network Operators (MVNO) license, reported Aseem Manchanda.
The department had issued the MVNO policy on March 30 this year.
Some of the companies which have applied for the license include Future Group and DataWind.
The department will start giving the licenses from the beginning of October.
MVNO license is for a wireless communication services provider that does not own the wireless network infrastructure over which the company provides the services to its customers.
The MVNO telecom services are brought by existing operators. These services are bought in bulk at wholesale rates and are given to customers. The telecom services are provided through its branding.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Rs 2,000 Monthly SIP: Can one achieve Rs 3.18 crore corpus by investing Rs 2,000 monthly? If yes, in how many years
SIP+SWP Calculator: Rs 12,000 monthly SIP for 25 years and then Rs 135,000 monthly income for 30 years; how it can work out
Stocks to buy for 15 days: Analysts bullish on these 2 largecap, 2 midcap, 1 smallcap scrips - Check targets
SBI Senior Citizen FD Interest Rates: Know how Rs 5 lakh, Rs 10 lakh, and Rs 15 lakh investments will give in maturity in Amrit Vrishti, 1-, 3-, and 5-year fixed deposit schemes
Latest FD Interest Rates: What SBI, PNB, HDFC Bank, ICICI Bank and other banks are offering in 3-year fixed deposit schemes
Home Loan Calculator: How 10% prepayment of Rs 85 lakh, 25-year loan can save Rs 40.23 lakh and 65 months; see calculations
Top 7 ETFs That Have Given up to 59% Returns in 1 Year: No. 1 ETF has turned Rs 3 lakh investment into Rs 4.65 lakh; know about others too
12:15 PM IST