INSUBCONTINENT EXCLUSIVE:
Government is considering a moratorium on spectrum payment for telecom companiesAiming to lend a helping hand to financially stressed
to media reports, the Government is concerned about the financial condition of some telecom companies and offering a moratorium to them is
being considered as one of the options.Telecom companies owe to the Centre crores of rupees in terms of pending spectrum payment.The move
has come at a time when one of the key telecom players of the country, Vodafone Idea has indicated to the Centre that in case the company
collapses, it would impact its 27 crore subscribers
The company is under severe financial stress.Quoting sources, media reports said that if the Government decides to come out with a bailout
package, then it would be meant for all the players like Bharti Airtel and Reliance Jio, apart from Vodafone Idea.Kumarmangalam Birla, one
of the key shareholders in Vodafone Idea, has already appealed to the Government for help so that the company continues to function.The
reports further said that if the moratorium comes through, then it will be an extension to the already-running moratorium which
42,000 crore lifeline by delaying immediate payments, the reports were quoted as saying.
