Updated Dec 28, 2024 22:29 IST
Vodafone Idea Spectrum Dues: This is a significant move by the government, aimed at supporting the telecom industry in the country.
Article Highlights
- “As per the telecom reform package of 2021, no Bank Guarantee (BG) was required to be provided for the spectrum auction held post reform package as the industry had matured and past practice of BG was no longer required,” said VI in the statement.
- Prior to this reform, BGs aggregating to Rs 24,800 crore were required to be provided by VIL against each spectrum instalment, 13 months prior to the installment falling due for the above auctions, VI said.
- Vi said, “It will ensure that the exposure of the banking system is utilized by telecom operators towards…
