Bharti opts for four-year moratorium on dues

Follows Vodafone in taking govt. offer

Bharti Airtel will opt for the four-year moratorium on adjusted gross revenue (AGR) and spectrum payments, making it the second telco after Vodafone Idea to accept the offer, which was part of the recently announced telecom relief package, sources said.

The telco communicated the decision to the Department of Telecom on Friday, the sources added.

The Union Cabinet had in September approved several measures to extend lifeline to the cash-strapped telecom sector, including a four-year moratorium on payment of dues to the government arising out of the AGR judgment as well as payments of spectrum purchased in past auctions.