Vodafone Group PLC's Indian unit has challenged the government's move to deny the extension of permits for the company's operations in three lucrative service areas in the South Asian nation.
The development reflects the many regulatory hurdles faced by operators in the world's second largest telecommunications market.
Vodafone India Pvt. Ltd., in a letter to the telecom department--a copy of which was seen by The Wall Street Journal--said India's recently introduced telecom policy wasn't applicable to the company as the new policy did not have any retroactive effect.
Vodafone's response comes after India's Department of Telecommunications recently rejected the company's application to extend its licenses in Delhi, Mumbai and Kolkata which are set to expire on November 2014. The department said the permits could not be extended as the government's policy for issuing telecom licenses had changed since 2012.
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The development reflects the many regulatory hurdles faced by operators in the world's second largest telecommunications market.
Vodafone India Pvt. Ltd., in a letter to the telecom department--a copy of which was seen by The Wall Street Journal--said India's recently introduced telecom policy wasn't applicable to the company as the new policy did not have any retroactive effect.
Vodafone's response comes after India's Department of Telecommunications recently rejected the company's application to extend its licenses in Delhi, Mumbai and Kolkata which are set to expire on November 2014. The department said the permits could not be extended as the government's policy for issuing telecom licenses had changed since 2012.
Read More