MoneyWorks4Me

DoT imposes penalty of Rs 2,000 crore on Vodafone Idea

01 Oct 2021 Evaluate

Department of Telecom (DoT) has slapped a penalty of Rs 2,000 crore on Vodafone Idea based on sector regulator Trai's recommendation five years ago. The DoT has given three weeks to the company to pay the penalty, while sharing the content of the demand notice served to the companies.

In October 2016, the Telecom Regulatory Authority of India (Trai) had recommended imposing penalty on Airtel, Vodafone, and Idea (now merged) for allegedly denying interconnectivity to Reliance Jio.

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.

Peers
Company Name CMP
Bharti Airtel 1833.25
Vodafone Idea 14.36
Indus Towers 378.45
Tata Communications 1773.60
Railtel Corp. India 252.70
View more..