Bharti Airtel shares fall on 3G roaming concerns
Reuters: Mar 15 2013, 14:24 IST
* India's Department of Telecommunications (DoT) ordered Bharti Airtel Ltd to stop providing 3G roaming services outside of its licensed zones, said a source with direct knowledge, sending shares of the company down 1.1 percent.
* The DoT also has said Bharti must pay a penalty of 3.5 billion rupees ($65 million), the source said.
* A Bharti spokesman did not have immediate comment.
* The government last year barred wireless service providers from offering 3G roaming services outside their areas of service, but a court halted the execution of the order.
* Mobile companies in India own 3G licenses only for specific areas of the country and often have agreements with other wireless providers to provide roaming services outside of those areas.
* Shares of Idea Cellular, which is also involved in the dispute related to 3G roaming pacts, down 1.2 percent.
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