Vi in talks with DoT on bank guarantee norms

NEW DELHI: Telecom service provider Vodafone Idea (Vi) on Tuesday said that it is engaged with the government to remove the bank guarantee requirements for spectrum acquired before 2022. The company, in an exchange filing, mentioned that this is also a demand from the entire telecom industry.

“The company has made detailed representations to the DoT (Department of Telecommunication) and continues to be engaged with DOT for removal of the bank guarantee requirements for spectrum acquired before 2022. This is also an industry ask,” said VI in an exchange filing.