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Bank guarantee waiver for telcos comes with riders
Business Standard
|November 27, 2024
Additional 3 months' instalment along with annual payments to be paid
Even as the Union Cabinet has agreed in principle to waiving off bank guarantee requirements for deferred spectrum payments by telecom operators, it will be subject to stringent conditions, government sources said on Tuesday. The waiver will be accompanied with a condition that telcos pay an additional three months' installment alongside their annual payments.
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