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Cupboard Approves Moratorium for Telecom Corporations to Pay AGR Dues; Aid to Vodafone: Sources

In a bid to offer aid to pressured telecom sector, the Union Cupboard on Wednesday has authorized moratorium on cost of spectrum dues by telcos, sources informed News18. This can present much-needed time to ailing telecom operators like Vodafone Concept that should pay 1000’s of crores of rupees in unprovisioned previous statutory dues.

Kumar Mangalam Birla, former chairman of Vodafone Thought Ltd, earlier wrote a letter to Cupboard Secretary providing his stake in Vodafone Thought to the federal government or any firm authorized by the federal government without cost. On August 4, billionaire Birla resigned as chairman of beleaguered Vodafone Thought Ltd.

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