Telcos to opt for EMI moratorium; tariff to remain stable: COAI
5 years ago

Telcos to opt for EMI moratorium; tariff to remain stable: COAI

India TV News  

Debt-ridden telecom operators are likely to opt for three-month moratorium to avoid cash crunch during the lockdown, industry body COAI said on Saturday. The telecom operators have spoken in favour of raising mobile call and internet rates at the earliest, however, they will keep the prices stable during the lockdown period, COAI DG Rajan S Mathews told PTI. "There is debt of around Rs 1.6-2 lakh crore that telecom operators owe to Indian banks.They will opt three-month moratorium in loan repayment to help them maintain cash flow. Mobile subscribers get access to 4G data at a price as low as Rs 3.5 per GB but if the floor price is fixed as demanded by telecom operators, mobile internet prices will rise 5-10 times from the current level.

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