Govt is well aware of implications if relief not provided to telcos: COAI

Industry body COAI on Friday said the government is well aware of implications of leaving the stressed telecom sector without a relief package, as it urged policymakers to use “tools” available to find appropriate solutions expeditiously.

“The industry is in urgent need of relief measures, and we urge the government to come up with appropriate solutions expeditiously and resolve the matter,” Cellular Operators’ Association of India (COAI) Director General Rajan Mathews said.

On Wednesday, the apex court rejected the telcos’ self-assessed adjusted gross revenue (AGR) dues and ordered them to pay the principal together with interest and penalties.

It stated that non-payment of dues would tantamount to contempt of court.

“The government can exercise the tools that are available and move forward on that basis,” Mathews said.

Read more

You may also like

Comments are closed.