Explained: How govt’s relief package for telecom sector may help cash-strapped Vodafone Idea

Cash-strapped telecom firm Vodafone Idea is in need of a comprehensive relief package as it may not be able to sustain operations without urgent support.

The government is expected to come out with a comprehensive relief package to support the ailing telecom sector soon. The package will focus on telcos such as Vodafone Idea and Bharti Airtel that have to clear a huge amount as part of adjusted gross revenue (AGR) dues. Of all the major companies operating in India’s telecom sector, Vodafone Idea Limited (VIL) is encountering the biggest financial crisis and needs urgent relief.