Have taken several steps to help telcos, consumers: Govt
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Synopsis
Analysts have warned that Vodafone Idea (Vi) may be bound for the bankruptcy court, a scenario that would reduce the telecom sector to a duopoly, especially as the loss-making telco’s legal options for any further recourse on the AGR front appear to have almost run out after the nation’s top court denied it any relief on the statutory dues front.
Vi, hit hardest by the apex court ruling, faces dues of Rs 58,254 crore as calculated by the government.
The government said it has several steps to protect the interests of telcos and consumers, including 100% FDI, a two-year moratorium on spectrum payments, more time to pay for airwaves bought in auctions and mandating the sector regulator to ensure service quality.