To remove the huge losses from the telecom sector, the government is planning to fix a minimum price for voice calling and data. Following the Supreme Court's decision three weeks ago, telecom companies Vodafone-Idea and Airtel are being directed to pay several thousand crore rupees to the government. For information, let us know that it has been going on for the last 14 years. Two major telecom companies in the country have suffered heavy losses through the AGR controversy. The government has been brainstorming for the last several days to revive these telecom companies. According to the report of IANS, the Ministry of Telecom is considering fixing the minimum price for voice and data for telecom companies.
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The government says that telecom companies have suffered in the last few years through free or very cheap voice and data tariffs. Apart from this, the price of the spectrum and licenses is also very high, due to which telecom companies have to suffer losses again and again. In the last quarter, both the country's major telecom companies Vodafone-Idea and Airtel have incurred a total loss of Rs 74,000 crore. The Committee of Secretary (CoS) is considering fixing the minimum price for voice calling and data to overcome this huge deficit. The committee is preparing to send this recommendation to the Department of Telecommunications.
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TRAI, which regulates telecom companies, had earlier rejected this recommendation of telecom companies. The Supreme Court has directed the telecom companies to pay Rs 92,000 crore AGR (adjusted gross revenue) to the government. The Department of Telecommunications can review the plan with minimum charge and send it to the telecom operators so that the telecom companies can collect the amount paid for the license fee and spectrum.
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The price war between the telecom companies started as soon as Reliance Jio entered the telecom sector in 2016. After which the rates of data and voice calling were drastically reduced and the consumer started getting the facility of data and voice calling for free or very low cost. Since 2016, many telecom companies have had to shut down their business. In addition, the country's two telecom companies Vodafone and Idea had to be merged.