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DoT notifies Vodafone Idea for failing to submit ₹24,700 crore bank guarantees for past spectrum auction dues; potential waiver under consideration.
The Department of Telecommunications (DoT) has notified Vodafone Idea (Vi) for failing to submit bank guarantees exceeding ₹24,700 crore for past spectrum auction dues.
Despite an initial rejection, DoT is reconsidering a waiver due to Vi's financial struggles and 2021 reforms that eased guarantee requirements.
A potential waiver could also benefit other telecom firms like Reliance Jio and Bharti Airtel.
Vi's guarantee submission is essential in the coming months.
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DoT notifica a Vodafone Idea por no presentar garantías bancarias de 24.700 coronas para las subastas de espectro anteriores; posible exención en consideración.