The Department of Telecommunications (DoT) is likely to impose huge penalties on telecom firms that have failed to meet their launch obligations rather than cancel their licenses.
The Telecom Regulatory Authority of India has also suggested a fine or a levy on telcos for failure to meet rollout obligations as an option to cancelling their licenses.
Meanwhile, speculations have spread about some of the operators benefiting from the license being asked to be cancelled by TRAI. The focus now is on who would benefit if the 150 MHZ worth spectrum is returned to the government.
The biggies of the industry seem to be gaining a lot on the BSE as Bharti gaining 4%, Idea Cellular rising 4% and Tata Communications gaining 3%.