We dont want any telecom firm to shut ops: FM

New Delhi: Finance Minister Nirmala Sitharaman on Friday attempted to comfort the telecom sector saying the government doesn’t want any company to shut operations.

FM’s words will do a lot of confidence boosting as the the two top telcos –Airtel and Vodafone Idea — have posted a combined loss of Rs 74,000 crore in Q2 by provisioning for the AGR pending dues. Vodafone has hinted at not being able to remain as a going concern if relief does not come for the sector.