Funds in kitty, Vi starts clearing govt dues

Vodafone Idea has cleared its dues to the government till the December quarter, comprising revenue share licence fee and spectrum usage charges, totalling around Rs 1,000 crore. These are concurrent dues, which are not covered by the four-year moratorium.

Department of telecommunications sources said that the company now needs to clear the dues related to the January-March quarter, which is around Rs 800 crore. The company has paid 10% of the amount the balance needs to be cleared, officials said.