Vodafone Idea pays ₹3,043 cr to govt towards deferred spectrum dues: Report
Defered spectrum dues are essentially instalment payments that are made by telcos for airwaves bought in past auctionsVIL has so far paid ₹3,500 crore in two tranches towards its AGR liabilities
NEW DELHI : Troubled Vodafone Idea on Tuesday paid about ₹3,043 crore to the telecom department towards deferred spectrum dues, sources said.
Defered spectrum dues are essentially instalment payments that are made by telcos for airwaves bought in past auctions.
The move assumes significance as VIL has been under financial pressure and is confronted with AGR (Adjusted Gross Revenue) liabilities of over ₹53,000 crore.
VIL has so far paid ₹3,500 crore in two tranches towards its AGR liabilities.
The sources in Department of Telecommunications confirmed that the company has made the payment of around ₹3,043 crore towards deferred spectrum liability.
This is the last lot of payments that telcos will make towards deferred spectrum liabilities, as the Union Cabinet had late last year approved a two year's moratorium on such spectrum payment dues.
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