Telecom Companies get 2 year moratorium to pay spectrum dues.

The private telecom companies have been representing to the government for bailing them out from the owning crisis. Based on this, the Cabinet has now decided to grant a 2 years’ moratorium for paying spectrum charges. As per this moratorium, the private telecom companies need not pay the spectrum charges for 2 years. As a result of this, payment of spectrum charge to the tune of Rs.11,746 crores of Airtel will be deferred. Similarly, payment of spectrum charges to the tune of Rs.23,920 crores by Vodafone Idea will also be deferred for 2 years.