Airtel, Idea fail to gain stay on IUC cut

airtel-1024x682.jpg

India’s Bharti Airtel and Idea Cellular have failed to secure a court injunction on a  recent regulatory decision to slash and eventually abolish the interconnection usage charge (IUC).

The two operators petitioned the Bombay High Court seeking an order to halt the implementation of

regulator Trai’s order to reduce the IUC to 6 paise ($0.001) per minute from the current 14 paise.

But the court declined to grant the stay  before the cut took effect yesterday. The court has nevertheless agreed to hear the operators’ arguments against the cut next month.

Trai revealed last month  that the IUC will be cut starting this month, and will be abolished altogether from the start of 2020.

The move has the potential to cost incumbent operators up to a combined 50 billion rupees ($765.5 million) in revenue annually, and to benefit newcomer Reliance Jio by the same amount, although Jio has denied that it stands to gain from the decision.


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X