Govt asks telcos to convey about opting for dues moratorium by Oct 29

In line with the bold reforms announced for the telecom sector, the government has now written to telcos, including Bharti Airtel, Vodafone Idea and Reliance Jio, asking them to convey by October 29 if they would be opting for four-year dues moratorium, according to sources.

It has also given 90 days’ time to the operators to indicate if they want to opt for converting the interest amount pertaining to the moratorium period into equity.

Along with this option, the audited financial statements of the immediately preceding financial year (2020-21) may be submitted, according to a letter seen by PTI.

The letters were sent by Department of Telecom on Friday to individual players, and between them, the content and procedural modalities outlined vary slightly at places.