DoT working on 3 options for telco bailout

The telecom department is working on at least three options to defer the Rs 1.47 lakh crore adjusted gross revenue (AGR) liability of telcos - Vodafone Idea and Airtel, including proposals to let the operators pay around 20% of the outstanding amount upfront. "There is a need to see that the industry doesn’t end up as a monopoly, or even a duopoly,” a source told TOI.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2vd281d