Vodafone Idea Fails to Provide Rs 6,090 Crore Bank Guarantee to DoT: Report

Vodafone Idea Fails to Provide Rs 6,090 Crore Bank Guarantee to DoT: Report
Vodafone Idea (Vi) has not submitted the required bank guarantee (BG) of Rs 6,090.7 crore or made a cash payment of Rs 5,493.2 crore to the Department of Telecommunications (DoT) for the shortfall in its 2015 spectrum auction payments by the March 10, 2025, deadline. This failure could lead to potential government action, though DoT has not granted an extension yet, according to an ET Telecom Report.

Also Read

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

Also Read: Vodafone Idea Faces Setback as Govt Denies Rs 6,090 Crore Bank Guarantee Relief: Report

Vodafone Idea Misses Payment Deadline

The financially troubled company was required to submit the BG or cash payment by March 10, 2025, but failed to do so by the close of business. “We will see what action can be taken in the coming couple of days,” an official privy to the details told ET. The DoT has so far not granted any extension,” the report quoted an official as saying.