Telcos in deep trouble, spectrum auction won't help in raising funds: Sibal

Kapil Sibal said that the telecom companies do not have the capacity to participate in spectrum auctions especially after the Covid-19 outbreak

Congress leader Kapil Sibal on Saturday said that the telecom companies do not have the capacity to participate in spectrum auctions especially after the Covid-19 outbreak and auction will not help the Central government to raise funds.

Sibal told ANI, "As far as the auctions are concerned, which telecom company has the capacity to participate in an auction? I mean they are in such deep trouble and such deep debt, they have not been able to discharge the liabilities that have been foisted on them pursuant to a judgment of the court and they are committed to doing that