Vodafone Idea share price gains 3.5% on reports that DoT review may slash its licence fee by 60–65%

Vodafone Idea share price rose more than 3.5% following media reports that the company’s licence fee liability could be slashed between 60-65% after a reassessment exercise conducted by the Department of Telecommunications (DoT).

According to a CNBC Awaaz report, the telecom department has completed the reassessment of licence fees through the respective Controller of Communication Accounts (CCA) offices. The DoT had earlier instructed all concerned authorities to conclude the exercise by February 22.