Vodafone Idea to clear Rs 2,400-cr dues
Debt-ridden telecom operator Vodafone Idea plans to clear about Rs2,400 crore of dues to the government by September, sources privy to the development said.
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New Delhi: Debt-ridden telecom operator Vodafone Idea plans to clear about Rs2,400 crore of dues to the government by September, sources privy to the development said. The company recently cleared pending dues of licence fees and spectrum usage charges of about Rs450 crore for the March quarter of 2022-23, a source said. “Vodafone Idea will clear dues for the June 2023 quarter and spectrum installment with applicable interest by September,” the source said. Vodafone Idea had to pay a licence fee of around Rs770 crore by July and Rs1,680 crore as the first installment for the spectrum it purchased in auctions that were held last year.
