Friday, November 11, 2005

INDIA CUTS LICENSE FEES

India has cut the license fees due from companies offering long-distance telephony and the percentage of revenue that phone companies share with the government.

The license fees payable for national long-distance telephony has been
reduced to 25 million rupees, or $546,200, from 1 billion rupees and the fees for providing international calls to 25 million rupees from 250 million
rupees.(Bloomberg)

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