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Telecom relief package: What does it mean for Vodafone-Idea?

VIL will still need external funding for it to undertake the necessary capex that will enable it to retain subscribers

September 17, 2021 / 11:43 AM IST
Telecom relief package: What does it mean for Vodafone-Idea?

Telecom towers. | PC- Shutterstock.

The telecom industry, especially Vodafone-Idea (VIL), has been under tremendous pressure due to low tariffs and mounting pressure of dues to the government in the form of AGR (Adjusted Gross Revenue) and spectrum payment and usage. In order to safeguard and generate employment opportunities, to ensure healthy competition, and to encourage investment, the Cabinet has announced a relief package for the industry. Contours of the package The key highlights that provide relief to the players are the moratorium of four years for AGR dues, exclusion of...

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