IMG concludes report on telecom woes, some relief on plate
The inter-ministerial group looking into telecom companies' financial stress has finalised its report, outlining recommendations for providing relief to the debt-ridden sector.
The finalisation of the report comes after a three-month long deliberation by the high-powered committee.
The inter-ministerial group or IMG is learnt to have favoured increasing the timeline for deferred spectrum payment for telcos, and shifting from PLR to MCLR for interest and penalty payments with regard to licence fee and spectrum usage charges.
However, it has not suggested any cut in licence fee or Spectrum Usage Charges levy, given that the initial signs of recovery are visible in the sector, an IMG member told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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