DoT tells Airtel, Voda Idea, Jio to decide on AGR moratorium in 10 days

The Department of Telecommunications (DoT) has asked Bharti Airtel, Vodafone Idea and Reliance Jio to inform the government by October 29 whether they would opt for the four-year moratorium on adjusted gross revenue- (AGR-) related dues, which is part of the relief package approved last month.

Further, three months have been given to service providers to respond on whether they would choose the option of converting accrued interest due to the deferred payments into equity. Companies opting for the moratorium proposal will have to furnish their audited financial statements.

On September 15, the Union Cabinet approved a relief package for the telecom sector, which included a four-year moratorium on AGR and spectrum payments,