Telecom Minister Hits Out At Vodafone

Telecom Minister Ravi Shankar Prasad on Monday hit out at British telco Vodafone for “dictating” terms to India when it threatened of withdrawing from the Indian market following a SC ruling. He said Mahanagar Telecom Nagar Ltd and Bharat Sanchar Nigam Ltd are strategic assets that should remain in the fray and ensure better competition.

After the Supreme Court”s ruling on the adjusted gross revenues (AGR) that created a liability of Rs 1.4 lakh crore for telecom firms, Vodafone’s global leadership had cast doubts over the future of the company in India. I don”t appreciates this kind of statement, firmly and clearly. We have given all the options of doing business but no one should dictate terms to us. India is a sovereign country,” Prasad said while speaking at the Times Network”s India Economic Conclave.

“India is a sovereign country, we are open to give all the benefits, all the indulgence, all the help, open to all the suggestions. But, any form of dictation is plainly not acceptable,” the minister said. The Minister welcomed the explanation given by the company, wherein it had said those remarks were misquoted.

He said the government has given a potential benefit of up to Rs 42,000 crore by agreeing to defer the spectrum repayment period for the telcos and expressed an inability to do anything beyond that.

State-owned companies such as GAIL and RailTel Corporation of India have also made representation to the ministry.Prasad exhorted the private sector telcos to provide flawless service with enriching customer experience by making the right investments.