Three telecom companies interested in converting pending jobs into shares: Telecoms Minister Ashwini Vaishnaw

Telecommunications Minister Ashwini Vaishnaw said the government was considering proposals from three telecom companies that wanted the option of converting interest on deferred spectrum and adjusted gross revenue (AGR) fees into capital. owner, Telecommunications Minister Ashwini Vaishnaw said at the Rajya Sabha on Friday.

Minister – responds in Question Hour to the question of whether the government has any equity in a private telecommunications company Vodafone – said a one-time option was given to telecom companies to either prepay the interest of the AGR fee or convert it to equity instead as part of structural reforms announced in September last year.

The one-time option is given to telecom companies to ensure government revenue is not affected, he said.

The minister said, “Three companies have exercised that option. We have received their letters and we are examining them.” This option is also given because the telecommunications sector has been going through a difficult period for many years, so the balance sheets of many companies are currently not good despite the strong growth of the telecommunications sector, he added.

When BJP leader KJ Alphons complained in the House of Commons that he was facing poor phone connections in the center of the capital and even in his home state of Kerala, the minister asked him to sign up. appeal before TRAI, which has set up a detention cell for review. problem.

Responding to BJD member Sujeet Kumar’s promotion request Bharatnet The minister said the central government has identified 7,000 new telecommunications points across the country, especially in unconnected areas.

About 3,933 locations have been identified for Odisha, he said, and asked BJD leadership to approach the state government to quickly identify tower installation sites.

The minister also said that the Bharatnet project is carried out by the state governments and that the implementation is not “satisfactory” in Odisha.

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