Voda Idea seeks 1-year moratorium on Rs 8,200 cr spectrum instalment

Vodafone Idea (Vi) has appro­ached the government to seek one-year mor­a­torium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022.

Vi, in a letter to the telecom secretary on June 25, 2021, said it would be “unable to pay the instalment of Rs 8,292 crore due on April 9, 2022” due to “cash being used for payment of AGR (Adjusted Gross Revenue) dues and the inability of the operations to generate the required cash in a predatory pricing situation”. 

According to the letter, seen by PTI, the company has requested the Department of Telecom (DoT) to grant