Govt considering low interests, longer spectrum payment tenure: Telecom Secretary

NEW DELHI: To revive the stressed telecom sector, the government is considering a two-year holiday from spectrum payments, a longer payment tenure and lower rates of interest, a top official said.

“We’re looking at all aspects, reforms could be in the form of number of installments, the rate of interest and spectrum caps,” telecom secretary Anshu Prakash told reporters on Wednesday, on the third day of the India Mobile Congress 2019.

The Department of Telecommunications (DoT) is also examining an industry request for a two-year moratorium on spectrum payments, he added. “…it (reform package) has to go to the government for approval,” he added.