The federal government at present doesn’t have any aid plan in place for Vodafone Concept, and neither is it contemplating to supply provide any recent aid over pending adjusted gross income dues to different telecom gamers, stated Chandra S Pemmasani, the Union Minister Of State for Communications.
The minister additionally vowed for honest competitors within the telecom sector. “Authorities desires honest competitors. In a free market with massive capex associated companies like telecom, it is not straightforward to create 5-6 corporations. Ideally we wish 3-4 corporations. In the long run, the shoppers will resolve,” Pemmasani instructed Newsstate24 Revenue.
Just lately, Union Minister Jyotiraditya Scindia had additionally reiterated his stance that India can’t afford a duopoly, and a duopoly wouldn’t help India’s digital ambitions.
Pemmasani, addressing experiences on Bharti Airtel’s request of changing dues into fairness doubtless not being accepted, stated, “Every scenario is completely different, relying on the circumstances. We’re taking a name on Vi as a result of we wish a superb various, however we don’t assume there’s a want for these sorts of issues for different gamers.”
Vodafone Concept owes Rs 83,400 crore in AGR dues to the federal government. It had sought waivers on over Rs 45,000 crore in curiosity, penalty, and curiosity on penalty. The Supreme Court docket not too long ago dismissed its plea, including strain to the corporate’s monetary place. “Not in the intervening time,” Pemmasani stated, concerning plans of a aid for Vodafone Concept.
The minister additionally added that Starlink has been granted a license to function within the nation and the corporate will quickly be putting in floor gear.
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