Vodafone Idea has paid about Rs 3,043 crore to the telecom department towards deferred spectrum dues. Deferred spectrum dues are essentially instalment payments that are made by telcos for airwaves bought in past auctions.
The move assumes significance as the company has been under financial pressure and is confronted with AGR (Adjusted Gross Revenue) liabilities of over Rs 53,000 crore. The company has so far paid Rs 3,500 crore in two tranches towards its AGR liabilities.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
