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Govt takes note of ailing telcos, plans to reduce financial stress
"The country’s telecom sector is going through a period of extreme financial distress due to mounting debts after the Supreme Court’s recent verdict against three telcos in the adjusted gross revenue (AGR) case. Some telecom firms such as Bharti Airtel and Vodafone Idea (VI) are under pressure at the moment as they have to repay a large amount to the government as part of pending AGR dues. The two major telcos along with Tata Teleservices have to clear their dues by March 31, 2031, in 10 instalments."
29-Jul-2021, 05:03 PM