Any cash relief will significantly improve the health of telecom companies analyst
A senior official of the Department of Telecom said that the Union Cabinet has approved a package for the telecom sector.
The package is aimed at giving relief to companies like Vodafone Idea, which have to pay thousands of crores as past statutory dues. The exact details of the measures that have been approved were not immediately known.
According to sources, the proposed relief measures include relaxation in dues, redefinition of AGR and reduction in spectrum usage charges, through which reforms can be taken in this sick sector.
Telecom Minister Ashwini Vaishnav will soon brief the media about the decisions taken in the Union Cabinet meeting held on Wednesday.
Piyush Vaish, Partner and Telecom Sector Specialist, Deloitte India, told PTI, “Any immediate cash flow relief to the telecom sector will significantly improve the financial health of the sector and also pave the way for 5G auctions.” ”
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