This will give the stressed telecom operator an а fresh lease of life and allow it to make investments in new services and technology.
Telcos have been given time till October 29 to communicate whether they wish to avail a moratorium on payment of spectrum dues and adjusted gross revenue (AGR).
The department of telecom (DoT) has given them 90 days to consider the option of converting the interest that will accrue during the moratorium period into equity.
The government has also informed the companies about modalities of debt-to-equity conversion, relevant date for pricing the shares and the pricing formula, among others.
This story is from the October 21, 2021 edition of Business Standard.
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This story is from the October 21, 2021 edition of Business Standard.
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