Trending News

Telco gets 4 years moratorium on spectrum dues in big relief: Sources

Cabinet approves moratorium plan for telecom companies

The Union Cabinet on Wednesday approved a relief package for the stressed telecom sector, waiving telcos on payment of their long dues, including a one-year moratorium on spectrum installment due in April 2022.

The package aims to provide relief to companies like Vodafone Idea, which owe the government a huge amount in statutory dues.

The relief package approved by the cabinet includes a component, where telecom companies can get an option to convert the interest on their spectrum dues, with a moratorium of four years, into government equity.

Back to top button