Vodafone Idea in talks with DoT to ease bank guarantees for older spectrum

Vodafone Idea has announced that it is currently in talks with the Department of Telecommunications (DoT) to remove bank guarantee requirements for spectrum acquired prior to 2022, according to a report by The Economic Times.

This statement comes after the DoT issued a notice to the company demanding payment of the bank guarantee (BG) as stipulated by regulations, since no decision on a waiver has been reached yet.