No plan to bail out pvt telcos under financial loss: Dhotre
New Delhi: There is no plan currently under consideration to bail out private telecom operators that are under financial loss, Parliament was informed on Wednesday. Also, no proposal is under consideration at present on the allocation of 5G spectrum to state-owned Bharat Sanchar Nigam Ltd, Minister of State for Communications Sanjay Dhotre said in a written reply to the Lok Sabha.
“At present, there is no plan under consideration to bail out private Telecom Service Providers (TSPs) which are under financial loss,” Dhotre said replying to a question on whether the government has any plans for bailing out such telcos. Dhotre said while the government has not given any exemption to the operators on Adjusted Gross Revenue (AGR) related dues, the Telecom Department, following a Cabinet nod, had filed an application seeking the permission of the Supreme Court to allow telcos to make the payment of the AGR dues in 20 years’ time (or less if they opt).
He said Bharat Sanchar Nigam expects the rollout of 4G services to be completed in 18-24 months and the government has no plan to privatise BSNL.
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