Debt-ridden telecom operator Vodafone Idea has surrendered partial spectrum in 900 and 1800 Mhz band that were due for renewal in 2024.
While the amount of spectrum surrendered by Vodafone Idea could not be ascertained, sources indicated it to be around 12 megahertz in both bands.
When contacted, Vodafone Idea spokesperson said, "Upon assessing our usage and needs, we have surrendered some spectrum in both West Bengal and UP East. We remain committed to providing seamless services to our customers while also focussing on optimising for operational efficiency and future growth".
Separately, in an investor presentation, VIL said it has completed the minimum roll out requirement for 5G services in 4 telecom circles, and the company has a target to cover 40 per cent of revenues population coverage with 5G in the first 24-30 months.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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