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DCC approves imposing Rs 3,050 crore penalty on Airtel, Vodafone Idea

25 Jul 2019

The Digital Communications Commission (DCC) has approved imposing cumulative penalty of Rs 3,050 crore on Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio. DCC has accepted Trai recommendation on penalty on Airtel, Vodafone Idea. But before imposing the penalty, the Commission decided to seek Trai's views on revising Rs 3,050 crore suggested penalty, citing the 'present financial health of the sector'.

The penalty on Airtel and Vodafone works out to be about Rs 1,050 crore each. In case of Idea, it comes to about Rs 950 crore. Since Vodafone and Idea have now merged their businesses, the new entity Vodafone Idea will have to bear the burden of both the companies.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.


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SEBI Registered: Investment Adviser - INA000013323

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