Cabinet likely to consider relief package for stressed telecom sector

New Delhi: In what may come as a major relief for the telecom sector, more so for the severely-stressed Vodafone Idea, the Union Cabinet is likely to consider and discuss a relief package for the sector on Wednesday, sources said.

The government has been in talks with several stakeholders, including banks, for a package for the sector as Vodafone Idea is in a beleaguered state with heavy losses and high debt and concerns have been raised over a possible duopoly in India telecom sector if it shuts. Further, it is also the most impacted telco due to the AGR claims of the government.

People in the know said that the government is of the view that competition must prevail in the sector and any chances of a duopoly should be averted.