Govt may penalise R Com: A Raja

The government may impose a penalty on Reliance Communications Ltd after examining a state audit report that found the No. 2 telecoms firm under-reported revenue for two years, the telecoms minister said on Thursday. The minister had said on Monday that the auditor found R Com under-reported revenue to the telecom regulator in 2006-07 and 2007-08.

The department shall raise additional demands including interest and penalty, as per licence terms, on the concerned licences, after examination. However R Com strongly affirms that it anticipates no additional financial liability towards licence or spectrum fee.