India Lowers Forecast for Wireless-Company Levy, Official Says

January 12, 2013

India lowered the amount it expects to collect from a levy on mobile-phone operators by as much as 110 billion rupees ($2 billion), a government official said after prices in the next spectrum auction were reduced.
The telecommunications ministry may raise only 200 billion rupees from the charge to be imposed on carriers within two weeks, said the official, who declined to be identified because of state rules. The ministry previously expected to generate 310 billion rupees from the one-time fee, which was announced in November following an investigation into low sale prices that led to the jailing of a former minister.
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