Amidst all the problems faced by the sector, as a much-needed initiative, the Union Cabinet headed by PM Modi has offered a Rs.42000/- crore relief to the debt-laden sector by giving a moratorium of two years to the telcos on spectrum payment dues.
The Apex Court in February held Ambani in contempt for not paying Ericsson’s dues despite having money. As per the orders from the Supreme Court, the last date to make the payment including the penal interests was March 19th.
