Comments
Troubled Vodafone Idea on Tuesday paid about ₹3,043 crore to the telecom department towards deferred spectrum dues, sources said.
Deferred spectrum dues are essentially instalment payments that are made by telcos for airwaves bought in past auctions.
The move assumes significance as VIL has been under financial pressure and is confronted with AGR (Adjusted Gross Revenue) liabilities of over Rs 53,000 crore.
VIL has so far paid ₹3,500 crore in two tranches towards its AGR liabilities.
The sources in Department of Telecommunications confirmed that the company has made the payment of around ₹3,043 crore towards deferred spectrum liability.
This is the last lot of payments that telcos will make towards deferred spectrum liabilities, as the Union Cabinet had late last year approved a two year’s moratorium on such spectrum payment dues.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.