The Department of Telecommunication (DoT) has reportedly returned bank guarantees worth Rs 15,000 crore to Vodafone Idea (Vi). This is in line with last year’s telecom reforms package which reduced bank guarantee requirements for licence fee and spectrum dues.
While guarantees worth Rs 2000 crore related to licence fee was returned to Vi earlier, spectrum related guarantees amounting to around Rs 15,000 crore were returned a few days back.
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.
