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Govt may use USOF to help telecom companies: Report

Govt may use USOF to help telecom companies: Report

Monday, March 2, 2020, 12:02 PM

The government could use the USOF to help telecom companies, which are currently struggling to clear their adjusted gross revenue(AGR) dues, according to a report by the Financial Express. Around 50% of the funds worth Rs 52,000 crore are currently unutilised, sources told the publication. But, to use the money for purposes other than rural telephony, an amendment is required to the USOF Act.
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