Cabinet might discuss relief package for financially stressed Telecom sector

The Union Cabinet is likely to discuss on announcing a relief package for the financially stressed telecom sector today. The relief package could include relaxation on payment of levy to the government and a one year moratorium on spectrum installment which is due in April 2022.

The government might also issue a letter of comfort(LOC) to the financially stressed telecom service providers, aiming that it will help companies to get funds from global investors.