Vodafone Idea, Airtel, Jio Get Big Relief as Govt Waives BGs: Report
The union cabinet has reportedly approved the waiver of bank guarantees (BGs) submission by the telcos for spectrum bought before 2022. The government removed the need for the telcos to submit BGs for spectrum bought post-2022. This relief measure was introduced in the reforms package released in September of 2021. It allowed the telcos to improve their cash flow. Vodafone Idea Limited (VIL) had asked the government to get done... Read More