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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 57.61

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To: Maurice Winn who wrote ()	4/20/2000 1:16:00 PM
From: Dennis Roth	Read Replies (1) of 29987

INDIAN GOVERNMENT/ Shri Sikdar asks private operators to fulfil their commitment for providing village public telephones If only Globalstqr had its Indian Gateways going, they could help in this situation iview1.newsedge-web.com April 20, 2000 M2 PRESSWIRE via NewsEdge Corporation : The Minister of State for Communications Shri Tapan Sikdar has said that the Government is not going to compromise with regard to the fulfillment of targets of Village Public Telephones (VPTs) by the Basic Telephone Service Licensees. He said that there has been no tangible performance by the private operators in meeting the committed targets of VPTs which has adversely affected the objective of entire rural coverage by 2002. He was speaking at the meeting of the Fixed Service Providers which was specially convened to discuss the commitment for providing Direct Exchange Lines (DELs) and VPTs. Shri Sikdar told the representatives of the companies that they should come out with firm roll- out plans before the end of this month and meet the stipulated targets of the first three years specified in the License Agreement immediately. The Minister said that despite repeated commitments, the Licensees have not even submitted the requisite roll-out plans to indicate their seriousness as to how they propose to meet committed performance obligations. He said neither migration package nor the National Telecom Policy-99 (NTP-99) provides for any such dilution in respect of the existing licensees. There are six licensees namely, M/s Reliance Telecom for Gujarat; M/s Bharti Telenet for Madhya Praddesh; M/s Tata Teleservices for Andhra Pradesh; M/s Hughes Ispat Ltd. for Maharashtra; M/s Essar Commvision for Panjab and M/s Telelink Network for Rajasthan circles.

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