Voda-Idea

Instead of injecting funds through equity or diluting promoters’ equity, Vodafone Idea Ltd (VIL) expects the department of telecommunications (DoT) to fund their inefficient operations through government’s cheaper funds. In a letter dated June 25, 2021 addressed to secretary telecom by VIL, the telco has forewarned the DoT that it would not be able to meet its obligation to pay Rs 8,292 crore spectrum dues in April 2022 and has pleaded for one year moratorium till April 2023.