Big News for Telecos! The central government is preparing a big relief package for the telecom sector

New Delhi. The telecom sector has also been badly hit by the Corona crisis. A huge decrease in the number of customers of a giant company like Airtel has been registered. At the same time, Vodafone Idea Limited (VIL) is not able to recover from the debt burden. However, a company like Reliance Jio has also made a big profit during this period. In view of the poor condition of telecom companies, the Narendra Modi government of the Center is preparing to announce a big relief package soon.

‘No talk on the proposal to hand over the share of Vi’
Aditya Birla Group chairman Kumar Mangalam Birla recently offered to hand over his stake in debt-ridden Vodafone Idea (Vi) to the government. It was also said that if the government wants, it is ready to hand over this stake to any competent domestic financial firm. An official said that there has been no talk yet with the government company or Kumar Mangalam Birla regarding this proposal. The government has not yet sought any clarification on this. Let us tell you that the government has announced a package of Rs 70,000 crore for BSNL.

Instead of considering Birla’s proposal, package for the sector
The government has refused to comment on Kumar Mangalam Birla’s proposal so far. According to government officials, instead of considering this proposal, the government is preparing a big relief package for the telecom sector. The relief package will be sent to the Finance Ministry by next week. After this, by the end of August 2021, the government can make an announcement on the relief package. A government official said the telecom department is working on a relief package for the telecom sector to allow spectrum surrender, reduce bank guarantees, phase out levies and define adjusted gross revenue.

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