4-Yr Moratorium, Digitised KYC: Cabinet Clears Telecom Reforms
Millennium Post Delhi|September 16, 2021
No separate KYC required to switch from prepaid to postpaid or vice versa in mobile connections; 100% FDI via automatic route

RELIEF MEASURES

Four-year moratorium on payment of statutory dues by telecom companies, both AGR and spectrum charges

Definition of AGR has been rationalised by excluding non-telecom revenue of telecom companies

100% FDI in telecom via the automatic route has been approved

The regime of heavy interest, penalty and interest on penalty on payment of license fees, spectrum charges and all kinds of charges has been rationalised

The Centre will do annual compounding of interest instead of the monthly compounding

Spectrum sharing has been completely allowed and made free

Spectrum auction will be done for 30 years, instead of 20. After completing 10-years lock-in period, the buyer will have the option to surrender by paying surrender charges

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