Business Standard

Thursday, January 30, 2025 | 12:16 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Telcos likely to get moratorium of 4 years for AGR dues: Report

The move will come six weeks after billionaire Kumar Mangalam Birla resigned as chairman of beleaguered Vodafone Idea Ltd on August 4

Telecom
Premium

Photo: Shutterstock

BS Web TeamAgencies
The Union Cabinet on Wednesday approved a moratorium on payment of spectrum dues by telecom firms as part of a package for the sector aimed at giving relief to companies such as Vodafone Idea that have to pay thousands of crores of rupees in unprovisioned past statutory dues, said news reports.

Cabinet has approved moratorium of 4 years for AGR dues, the reports states. There is also a component of equity-related conversion in the relief package, which will offer a gesture of goodwill and help companies raise funds, say reports.

The move will come six weeks after billionaire Kumar Mangalam

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in