Latest News | Airtel Accepts 4-year Moratorium on Spectrum, AGR Payments

New Delhi, Oct 25 (PTI) Bharti Airtel has informed the government that it will opt for the four-year moratorium on payment of AGR and spectrum dues, a source said.

The option of dues moratorium was offered by the government to telcos as part of a recently-announced relief package for the telecom sector.

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Airtel communicated its decision to the telecom department on Friday, the source added. Airtel told the government that it will take the four-year moratorium on AGR and spectrum dues "with the option of prepaying as per NIA (notice inviting application) norms".

A mail sent to Airtel did not elicit a response.

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In line with the bold reforms unveiled for the telecom sector, the government recently wrote to telcos including Bharti Airtel, Vodafone Idea and Reliance Jio asking them to convey by October 29 if they would be opting for the four-year dues moratorium.

The Department of Telecom (DoT) has also given 90 days time to the operators to indicate if they want to opt for converting the interest amount pertaining to the moratorium period into equity.

Vodafone Idea, last week, said its board has approved availing the four-year spectrum payment moratorium. It had further said other options offered in DoT's notification will be considered by the board of directors within the stipulated timeframe.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)