Business Standard

Govt likely to reject telcos' demand for 2-year spectrum fee moratorium

Recently, SC had upheld the government's definition of adjusted gross revenue (AGR) and directed telecom operators to pay up the pending dues that could add up to an estimated Rs 1.33 trillion

Govt likely to reject telcos demand for 2-year spectrum fee moratorium
Premium

Arup RoychoudhurySurajeet Das Gupta New Delhi
The finance ministry is likely to reject a telecom industry demand for a two-year moratorium on payment for spectrum bought in previous auctions, according to an official in the know. This would come as a double whammy for telcos reeling from severe financial stress. 

Recently, in an unrelated development, the Supreme Court had upheld the government’s definition of adjusted gross revenue (AGR) and directed telecom operators to pay up the pending licence fee and other charges that could add up to an estimated Rs 1.33 trillion. 

Last month, Vodafone Idea had sought relief from the government in paying out the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 29 2019 | 1:15 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com