Telecom package to provide some relief to stressed sector: Industry body COAI

Telecom industry body COAI lauded telecom relief package approved by the Cabinet on Wednesday, which will be implemented prospectively and provide a breather to the sector that is reeling under heavy stress. The Cabinet has approved the inclusion of only revenues earned from telecom services in the adjusted gross revenue and removal of penalty on dues to be paid to the government prospectively.

Cellular Operators Association of India (COAI) Director General S P Kochhar said in a statement, “On the face of it, we welcome the prospective directions of the package announced, which is aligned with our long-standing asks. Going forward, this will give some relief to our greatly stressed sector for sure.”