Bharati Airtel and Vi to have a hopeful comeback, government helps them to do so

Bharati Airtel & Vi

Bharati Airtel & Vi

The telecommunication department plays a vital role today! From going through loss and debts, Bharati Airtel and Vi ended up saving four hundred crores. The FE report says, Department of Telecommunication is trying to collect the court cases related to one time spectrum charges amounting to about 400,000 crores. According to the publication, DoT has already received a favourable opinion from the law ministry regarding this matter. However, some issues need to be settled first. 

The first hearing is said to take place on November 17. Interestingly, the final progress or the final verdict on that case is to take place on the same day only. In October, the department had asked for three weeks' time from the honorable Supreme Court as sources say, they have been discussing withdrawal of the case.

Sources say,' The Government is completely backing the telecom department on taking such a decision. Without the relief measures taken, a bankruptcy was assumed of Vodafone Idea in the upcoming few years. Moreover, the telecom department is thinking of investing in 5G and expanding 4G.

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