Unitech gets LOI for Telecom Licence

Unitech Ltd has informed that the Department of Telecommunications, Ministry of Communications & Information Technology, Government of India (DOT) on January 10, 2008 has issued the Letters of Intent (LOIs) to 8 subsidiaries of the Company for issuance of Unified Access Services Licences (UASL) in respect of all the 22 telecom circles across the country.

In response, the said subsidiaries have duly complied with all the applicable formalities for issuance of UASL as prescribed in the said LOIs including deposit of requisite Entry Fees of Rs 1,658 crores, Financial Bank Guarantees of Rs 630 crores & Performance Bank Guarantees of Rs 252 crores and filed their reply with DOT for all the 22 telecom circles.