Bharti Airtel shares fall on 3G roaming concerns

DoT has said Bharti Airtel must pay a penalty of 3.5 billion rupees.

Written by Reuters | Published: March 15, 2013 2:24:40 pm

* India’s Department of Telecommunications (DoT) ordered Bharti Airtel Ltd to stop providing 3G roaming services outside of its licensed zones,said a source with direct knowledge,sending shares of the company down 1.1 percent.

* The DoT also has said Bharti must pay a penalty of 3.5 billion rupees ($65 million),the source said.

* A Bharti spokesman did not have immediate comment.

* The government last year barred wireless service providers from offering 3G roaming services outside their areas of service,but a court halted the execution of the order.

* Mobile companies in India own 3G licenses only for specific areas of the country and often have agreements with other wireless providers to provide roaming services outside of those areas.

* Shares of Idea Cellular,which is also involved in the dispute related to 3G roaming pacts,down 1.2 percent.

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