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Cabinet approves two-year moratorium on spectrum payments for telcos

Providing relief to telecom companies, the Union Cabinet on Wednesday approved a moratorium of two years for spectrum payments, sources said.  

PTI PTI
New Delhi Published on: November 20, 2019 23:23 IST
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Image Source : PTI

Representational Image

Providing relief to telecom companies, the Union Cabinet on Wednesday approved a moratorium of two years for spectrum payments, sources said.

The move to defer payments for 2020-21 and 2021-22 will give Rs 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance Jio, they said.

The move was approved by the Union Cabinet headed by Prime Minister Narendra Modi. 

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