NEW DELHI : The Department of Telecom (DoT) is likely to discuss with the Department of Financial Services (DFS) an industry proposal for a two-year moratorium on payment of spectrum auction dues. Once the DFS starts the discussion, public sector banks (PSBs) would be on board to explore such a possibility, officials said. It had also lowered the interest rate on pending dues of telecom companies by two percentage points. Bharti Airtel and Vodafone Idea have been urging the government to provide financial relief through lowering of spectrum prices, licence fees and spectrum usage charges. Prakash said the government was considering a reform package for the telecom industry to help its revival including lower rates of interest on spectrum charges to be paid over a longer time.
Source: Mint October 20, 2019 07:18 UTC