Major relief for AGR hit telcos, Govt defers spectrum payments for FY21, FY22

In a major relief for debt-hit telcos, the Centre deferred spectrum auction payments due from the operators for the years 2020-2021 and 2021-22. These deferred amounts will be spread over the remaining installments to be paid by the telecom operators without any increase in the existing time period specified for making the instalment payments, finance minister Nirmala Sitharaman said in a late cabinet briefing on Wednesday.

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Business News,Financial News,Telecom Sector,AGR Dues,Department Of Telecommunications,Reliance Communications,Bharti Airtel,Vodafone India,Reliance Jio,Nirmala Sitharaman,