Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Broad guidelines have been issued for granting Right of Way (RoW) permission to licenced telecom operators and registered telecom infrastructure providers for installing and operating telecom infrastructure within National Highways (NH) land.
Telecom infrastructure under this project includes telecom tower, telecom tower foundation, all ancillary equipment and component such as optical fibre cable and duct needed to ensure connectivity of the towers.
The norms had been issued by the Ministry of Road Transport and Highways for creating and supporting robust telecommunication infrastructure and to promote optimum use of IT in an equitable and sustainable manner, official sources told The Hindu.
The Public Works Department (PWD) has been asked to keep in view the requirement of the widening of NH stretches to four lanes and six lanes while recommending for permission to the National Highways Authority of India (NHAI). The NHAI Divisional/Executive Engineer will maintain a register of the record of RoW permission to licencees.
The facility will be available for licencees on payment of a licence fee. The fee for installing the telecom infrastructure will be based on the actual area occupied and the approved formula.
The present cost of land for calculation of the fee will be Rs.300 per sq. m. for rural areas, Rs.600 for municipal areas, and Rs.1,200 per sq. m. for cities having population of more than 10 lakh. In metros and large cities such as Thiruvananthapuram, the present cost of land will be Rs.2,500 per sq. m.
To expedite the granting of RoW permissions and to give them in a time-bound manner, the regional officer concerned of the NHAI and similar officers of the NH and Border Roads Organisation will be the approving authority. Original post at The Hindu