Mumbai, Nov 26 (TIWN) BSE Telecom index fell 3.5 per cent during the early trade on Tuesday after a government official was reported saying that the Committee of Secretaries (CoS) formed to suggest relief measure for struggling telecos, has been disbanded.

Bharti Airtel stock fell by 3.1% to Rs 437.3 at 12:10 today, while Vodafone Idea's scrip fell by a steep 7.6% at Rs 6.32 on the Bombay Stock Exchange. Bharti Infratel stock was also down by 6.7% at Rs 233.2, Tuesday.  The Committee of Secretaries (CoS) set up under Cabinet Secretary Rajiv Gauba last month was aimed at providing relief to the telecom sector reeling under debt of over Rs 7 lakh crore, amid incessant competition, rock bottom tariffs, eroding revenues, mounting losses besides high taxation and fees on licenses. Woes of the sector increased by another Rs 1.47 lakh crore - as pending dues from license fee and spectrum usage charges - after the Supreme Court ruled that all revenue must be accrued to gross revenue for any license holder.