
The telecom rescue package explained
Finshots Daily
00:00
Telecom Operators Will Need More Than Just Time
The government used to take a small cut from the revenues of telecom companies. Telecom operators argued that this should include only revenue and nothing else. The government, on the other hand, wanted a cut from everything - interest, income, profits from selling old buildings,. And when they couldn't resolve matters internally, they went to court. Unfortunately for the telecom operators, the courts didn't buy their argument. Instead, they were asked to pay these old dues, which the news media commonly refers to as a g r dues. Now the telecrom sector has been pleading with the government to defer these dues, and finally, it seems the state has come around.
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