Vodafone Idea misses deadline to submit Rs 6,090 crore bank guarantee

Telecom service provider Vodafone Idea Limited (VIL) has failed to meet the deadline for submitting a Rs 6,090 crore bank guarantee. According to the Department of Telecommunications (DoT) officials, the government will soon seek clarification from the telco for missing the deadline.

Vodafone Idea, country’s third-largest telecom service provider, had urged the DoT to exempt the bank guarantee amounting to Rs 6,090 crore. As a result, the company was required to deposit this amount with the DoT by tonight.