News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 14 years ago
Home  » Business » Auditor submits report on Vodafone

Auditor submits report on Vodafone

Source: PTI
March 26, 2010 19:06 IST
Get Rediff News in your Inbox:

VodafoneThe government-appointed auditor to examine the books of country's second largest mobile operator Vodafone Essar submitted on Friday its report to the department of telecommunicatins.

A company spokesperson said Vodafone has received a copy of the report submitted to the DoT and said the company's accounts are in line with statutory standards set by telecom tribunal Telecom Disputes Settlement And Appellate Tribunal.

Sources said the auditors have put some licence fee liability on different heads. However, the company feels these are covered under the definition of licence fee as decided by TDSAT.

The DoT had last year ordered audits on telecom companies Bharti Airtel, Vodafone Essar Ltd, Idea Cellular Ltd and Tata Teleservices and Reliance Communications after the sectoral regulator Telecom Regulatory Authority of India's  said the accounts should be audited every 3-5 years.

The auditors have already submitted reports on RCOM and Bharti.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!