New Delhi, Nov. 18 -- The mobile industry has urged Government to help the telcos restructure their debts with a two-year moratorium, lower interest and longer repayment time to help them come out of the financial crisis which has been aggravated by the AGR order of the Supreme Court.
"It will need a 20 per cent increase in ARPU to get the companies on a better financial footing. To achieve this, there will be an immediate need to restructure the debt to Government with a 2 year moratorium, lower interest and a longer repayment time. Also Government needs to eliminate or redefine AGR prospectively and reduction in License Fees and Spectrum Usage Charges to 3 per cent and 1 per cent respectively. GST rate needs to be brought down to 5 per c...