Govt planning a 2-year holiday on spectrum payments to ease burden on telecom operators, says report
Updated : October 16, 2019 10:17 AM IST
To ease the burden on the three debt-laden private telecommunications firms in the country, the telecom department is working on a plan to provide a two-year holiday on spectrum dues payment amounting to Rs 40,000 crore.
The three surviving private telecom firms in the country — Reliance Jio, Vodafone Idea, and Airtel — have a combined debt in excess of Rs 7 lakh crore.
Telecom minister Ravi Shankar Prasad on Monday said that the government is trying to create favourable atmosphere for telecom operators in the country.