Vodafone Idea requests DoT for waiver on Rs 24,747 crore bank guarantee for spectrum payment in 2025.

Debt-laden Vodafone Idea has requested the Department of Telecom (DoT) for a waiver on a Rs 24,747 crore bank guarantee due for spectrum payment in September 2025. Vodafone Idea (VIL) is required to securitize the annual instalment one year prior to the due date under spectrum auction rules. VIL had opted for a four-year moratorium in 2022 to pay for the spectrum under a government relief package.

July 11, 2024
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