DoT to discuss relief to telcos with Department of Financial Services

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.

In 2017, the DoT extended the duration for spectrum payments to 16 years from 10 years in line with the recommendation of an inter-ministerial group (IMG).