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
SIP+SWP: Rs 15,000 monthly SIP investment for 20 years and Rs 100,000 monthly income for 45 years; know how it is possible
SBI Senior Citizen FD Rates 2024: What you can get if you invest Rs 3.5 lakh, Rs 7 lakh, Rs 10.50 lakh, and Rs 14 lakh in 1-, 3-, and 5-year FDs
15x15x15 Formula: In how many years Rs 15,000 monthly SIP can grow to over Rs 1 crore; see calculations
12:15 PM IST