Govt decided to save telecom firms, but no relaxation on AGR payment

Published On: Friday, February 21, 2020 | By: Team KnowMyStock

A consensus seems to have emerged in the govt and the telecom firm on the need to save the financially stressed sector. The Union government is of the view that there can be a debate on the quantum of payment and penalty but not on the fact that the companies have to make the payments. Finance Ministry were looking at many steps to bring back the sector on track and that a ‘’monopoly’’ situation was not desirable. A telecom fund to give loans to operators is among the measures being discussed.

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