Relief for Vodafone Idea, DoT waives bank guarantee

Vodafone Idea has been granted waiver of bank guarantee for spectrum auctions held in 2012, 2014, 2016, and 2021, the telco informed the exchanges on Saturday. “Recently, the Department of Telecommunication further extended its support to the telecom industry by dispensing with the requirement of bank guarantee to be submitted for spectrum auctions held prior to reform package, that is for spectrum auctions of 2012, 2014, 2015, 2016 and 2021,” it said in a notification to the BSE.