Vodafone Idea plans to clear about Rs 2,400 cr dues by September

August 22, 2023 16:13

Debt-ridden telecom operator Vodafone Idea plans to clear about Rs 2,400 crore of dues to the government by September, sources privy to the development said.

The company recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23, a source told PTI.

"Vodafone Idea will clear dues for the June 2023 quarter and spectrum instalment with applicable interest by September, " the source said. Vodafone Idea had to pay a licence fee of around Rs 770 crore by July and Rs 1,680 crore as the first instalment for the spectrum it purchased in auctions that were held last year.

While the company has sought 30 days to clear the spectrum payment, the company is also gearing up to clear the licence fee payment by September.

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