Telecom industry body writes to govt seeking breather for crisis-hit sector

COAI's letter comes at a time when Vodafone Idea has reportedly made it clear to the govt that it won't be able to pay court mandated AGR dues in their entirety, unless a bailout is extended

Cellular Operators’ Association of India (COAI), a body representing the telecom industry, has urged the government to provide relief to improve the health of the telecom sector which is reeling under the adjusted gross revenue crisis.

The COAI in a letter to Telecom Secretary Anshu Prakash, asked for easier terms for payment of statutory dues by telcos, including extension of loans at lower interest rates to cover AGR liabilities, and also fast implementation of floor prices to rescue the troubled sector.

With the telecom industry plunging into a deep and unprecedented crisis, the association has raised an alarm over banks'