DOT considering reform package
The Department of Telecommunications (DoT) is mulling over providing a reform package to the struggling telecom sector. The package includes longer spectrum payment periods and lower rates of interest, which can help in the industry’s revival. “We’re looking at all aspects reforms could be in the form of number of installments, the rate of interest and spectrum caps. What we have received from Trai is pricing, there are other parameters which we have to examine, ultimately it has to go for government approval,” Anshu Prakash, telecom secretary said.
The move comes after the price war shrunk the industry into three non-state players from eight, some exits, some mergers and two going out of business.