News Report

Will Telecom Market Be A Duopoly?? What Telecom Minister Said After Relief On AGR Dues

The relief package for the telecom sector, while offering the prospect of an annual cash flow breather of an estimated Rs 45,000 crore to the fund-starved industry, falls short of addressing the significant smudges of red already on the balance sheets of a majority of the players. The measures, all of them prospective in nature, also potentially miss out on fostering a more sustainable tariff regime which, according to industry players, could have come as a shot in the arm for players in the capital-intensive sector and other stakeholders, such as banks that have an exposure exceeding Rs 1 lakh crore to telecom companies.

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