In a bid to save its cellular licence, Koshika Telecom today offered to give 100 per cent revenue earned from its Uttar Pradesh (east) cellular circle to department of telecommunications (DoT) for adjustment of dues.
This comes after the DoT notification that it has terminated the cellular mobile telephone service licence of Koshika Telecom Ltd in Uttar Pradesh (east) circle for non payment of dues amounting close to Rs 450 crore.
The licence to Koshika was granted in December 1995 for four circles. However in 1999 its licences for Bihar, Orissa and Uttar Pradesh (west) were canceled for non payment of dues.
Vinay Rai, chairman, Koshika Telecom said,
