AGR crisis: Mittal, Birla meet FM Sitharaman; Govt mulls telecom fund

With the Supreme Court-mandated liability pushing telecom companies to the brink, industry honchos Sunil Bharti Mittal and Kumar Mangalam Birla on Wednesday met Finance Minister Nirmala Sitharaman as their firms scrambled to meet payment deadlines. While the two refused to comment on discussions they had with Sitharaman, Mittal said the telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability. Govt is mulling a telecom fund to give soft loans to telcos. The fund according to sources, will be set up with the AGR dues paid by the telcos to the govt. Here's the full report by ET NOW's Nayantara Rai. Watch.