BT to hand back Indian long-distance licence

24 Sep 2010

India’s Department of Telecom (DoT) has accepted a request from UK-based fixed line incumbent BT to surrender its national long-distance (NLD) licence, although the British firm will not be refunded its entry fee for the concessions. According to the Hindu Business Line, BT first approached the DoT with a view to handing back its NLD licence in 2008 after it purchased i2i Enterprise in 2007, which held a long-distance concession of its own; BT is now using i2i’s NLD licence for operating its service in India. The regulator has also reportedly said that the Performance Bank Guarantee (PBG) of INR25 million (USD550,000) will be forfeited, although the Financial Bank Guarantee of INR200 million will be released back to the company.