Chennai-based telecom company S Tel, which recently applied for a UASL, has reportedly offered to pay the government Rs 60 billion over a period of 10 years as an additional share of the company’s prospective revenue, over and above the existing spectrum

Chennai-based telecom company S Tel, which recently applied for a UASL, has reportedly offered to pay the government Rs 60 billion over a period of 10 years as an additional share of the company’s prospective revenue, over and above the existing spectrum charges based on revenue share. Meanwhile S Tel, which is promoted by Skycity Foundations and Mauritius-based Telecom Investments, is negotiating with a European company to sell off 50 per cent stake.