Telecom minister Ravi Shankar Prasad hits out at Vodafone for ‘dictating’ terms to India

By: |
Published: December 16, 2019 10:52:19 PM

After the Supreme Court's ruling on the adjusted gross revenues (AGR) last month 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.

Telecom minister, Ravi Shankar Prasad, Vodafone, bsnl, mtnl, Supreme Court, AGR, Citizenship Amendment Act, Rahul Gandhi, telecom firmsPrasad exhorted the private sector telcos to provide flawless service with enriching customer experience by making the right investments.

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 also 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) last month 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 appreciate 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 added. Prasad 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. Meanwhile, on the Citizenship Amendment Act-related protests, Prasad said the violence “is regrettable and is also sponsored”.

He also said, “Some people are trying to provoke communal violence. Political parties have to rise beyond petty politics.” He also decried Rahul Gandhi’s statement on Veer Savarkar over the weekend, terming it as “irresponsible and deliberate denigration of a great son of india”.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Cipla acquires brand, trademark rights for anti-diabetic drug Vysov in India
2Kerala to organise global investors summit; govt will pitch for these sectors
3After onion brings tears to eyes, Amul, Mother Dairy raise prices; why milk rates may not fall soon