Vodafone Idea: “The Department of Telecommunication…has disposed-off the company’s representation and objections in respect of license fee demand of Rs. 1,749 crore and Rs. 1,524 crore respectively (including Interest till 31.03.2023) for Financial Year(s) 2015-16 and 2016-17,” the filing said.
The company’s representation and objections were in respect to license fee demand of Rs. 1,749 crore and Rs. 1,524 crore for FY2015-16 and FY2016-17, respectively.
Vodafone Idea: “Vi’s defaults and actions have put Indus in serious financial constraints and a precarious situation. In case of Vi continuing to breach its payment obligations, Indus will not only have recourse to all lawful remedies but also be entitled to mitigate its losses by restricting its services for Vi,” Indus managing director Prachur Sah wrote in a letter, dated October 3, to Trai.
Vi is Indus main client, and the tower company has told the Telecom Regulatory Authority of India (Trai) that the loss-making telco owes it Rs 7,864.5 crore (inclusive of interest) as of September 30, 2023, and that the payment default situation persists.