DoT amends voicemail, audio text and UMS license agreement for rationalisation of BGs

The telecom department on Wednesday notified the ammendemet of license agreement for voicemail, audio text and UMS license for rationalisation of bank guarantees (BG).

“With this license agreement shall be submitted for the amount of Rs 60,000 initially before signing license agreement, valid for one year from any scheduled bank or public financial institution, duly authorized to issue such bank guarantees to cover violation of license condition, and to ensure the performance under the license agreement, including compliance of instruction, issued by the Licensor from time to time,” said the Department of Telecommunications (DoT) . This amount was Rs three lakh earlier.