InvestorQ : Can we expect a moratorium on payments for Vodafone Idea by the government?
Dhwani Mehta made post

Can we expect a moratorium on payments for Vodafone Idea by the government?

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Dilmini Mercia answered.
2 days ago
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The special committee of the Union Cabinet is expected to meet today and most likely to consider offering a moratorium on spectrum dues by telecom companies. However, there is no confirmation from the Ministry if the subject will be taken up for review in the meeting on Wednesday. The markets and the telecom companies are expecting a special package to give relief to telecom companies like Vodafone Idea and others.

Vodafone Idea has to pay over Rs.50,000 crore in the form of unprovisioned past statutory dues. Apart from moratorium on dues to telecom companies, the relief package is also expected to include an option to convert interest on spectrum dues of Vodafone Idea into government equity. This is also yet to be confirmed. Vodafone Idea is seeking a major bailout package from the government it has to survive and continue in India.

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