Motilal Oswal: Telcos may default on spectrum auction dues over AGR payment
Earlier this month, Department of telecom (DoT) amended license to defer payments of the spectrum auction instalments due for 2020-21 and 2021-22, operationalising the committee of secretaries` decision to allow a two-year moratorium as decided by the Committee of Secretaries headed by Cabinet Secretary Rajeev Gauba.
Supreme Court on Monday rejected Vodafone Idea`s appeal to direct the telecom department not to invoke its bank guarantees for recovering AGR, Photo: PTI