Debt-ridden telecom operators are likely to opt for three-month moratorium to avoid cash crunch during the lockdown, industry body Cellular Operators Association of India (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. It is a relief for them,” Mathews said.
COAI also allayed fear of hike in tariff by the telecom operators.
