Voda Idea pays Rs 3,043 cr, Airtel gives Rs 1,950 cr as spectrum dues

Troubled Vodafone Idea on Tuesday paid about Rs 3,043 crore to the Department of telecommunications (DoT) towards deferred spectrum dues, PTI reported. While Bharti Airtel paid Rs 1,950 crore to the government, Reliance Jio has also deposited Rs 1,053 crore payment with the DoT. 

Deferred spectrum dues are essentially installment payments that are made by telcos for airwaves bought in past auctions. The move assumes significance as VIL has been under financial pressure and is confronted with AGR (Adjusted Gross Revenue) liabilities of over Rs 53,000 crore.

VIL has so far paid Rs 3,500 crore in two tranches towards its