Skip to main content

Tower Cos Brought Under Regulatory Net

Tower Cos Brought Under Regulatory Net
Tower providers will be considered licensees under right-of-way rules
The telecom department has clarified that tower providers will be considered as licensees under rightof-way rules, addressing a major demand of the industry that had been kept out of the purview of these rules so far. The industry welcomed the move, which it said would help infrastructure providers to set up the base for future technologies including 5G.
The right-of-way rules allow online filing of applications in a bid to ease the pain that the sector faces in building infrastructure. They are expected to help companies get land from state governments and local bodies within a stipulated timeframe, with standard procedures set for telecom companies and government authorities to follow.
The Department of Telecommunications had issued rules on setting up of telecom towers and laying of cables in November 2016, providing a framework for granting approvals and settling disputes in a timebound manner, as well as improving coordination between companies and government authorities. However, it kept tower and infrastructure providers outside the purview of the regulation even though they are the ones that set up the required infrastructure for telcos.
“It is clarified that under clause 2 (d) of the said rules, ‘licensee’ includes infrastructure provider category I (IP-I) authorised to establish and maintain dark fibre, right of way, duct space and towers and give them out on lease, rent or sale basis to telecom service providers on mutually agreed terms and basis,” DoT said in a notice on Wednesday.
“It is reiterated that IP-I registrants shall in no case work and operate or provide telegraph service, including end-to-end bandwidth as defined in the Indian Telegraph Act, 1885, either to any service provider or any other customer,” DoT added.The Tower and Infrastructure Providers Association, which represents companies such as Bharti Infratel, Indus Towers, ATC India, GTL Infra, Reliance Infratel and Tower Vision, lauded the government’s decision. It said the move reinforced and recognised that infrastructure providers were an essential part of the overall telecom ecosystem.
The Economic Times, New Delhi, 24th May 2018

Comments

Popular posts from this blog

RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

  India's digital lending infrastructure has made the loan sanctioning system online. Yet, loan recovery still needs a “feet on the street” approach, Swaminathan J, deputy governor of the Reserve Bank of India, said at a media event on Tuesday, September 2, according to news agency ANI.According to the ANI report, the deputy governor flagged that fintech operators in the digital lending segment are giving out loans to customers with poor credit profiles and later using aggressive recovery tactics.“While loan sanctioning and disbursement have become increasingly digital, effective collection and recovery still require a 'feet on the street' and empathetic approach. Many fintech platforms operate on a business model that involves extending small-value loans to customers often with poor credit profiles,” Swaminathan J said.   Fintech platforms' business models The central bank deputy governor highlighted that many fintech platforms' business models involve providing sm

Credit card spending growth declines on RBI gaze, stress build-up

  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the rep

India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

  India can’t rely on wealthy individuals to drive growth and expect the overall economy to improve, Viral Acharya, former deputy governor of the Reserve Bank of India (RBI) said on Monday.Acharya, who is the C V Starr Professor of Economics in the Department of Finance at New York University’s Stern School of Business (NYU-Stern), said after the Covid-19 pandemic, rural consumption and investments have weakened.We can’t be pumping our growth through the rich and expect that the economy as a whole will do better,” he said while speaking at an event organised by Elara Capital here.f there has to be a trickle-down, it should have actually happened by now,” Acharya said, adding that when the rich keep getting wealthier and wealthier, they have a savings problem.   “The bank account keeps getting bigger, hence they look for financial assets to invest in. India is closed, so our money can't go outside India that easily. So, it has to chase the limited financial assets in the country and