Categories: Business

Vodafone IDE board cleans the moratorium

New Delhi: Vodafone’s idea on Wednesday said the council had agreed to utilize the four-year spectrum payment moratorium offered by the government as part of a recent assistance package for the telecommunications sector.
Other options offered in the telecommunication department notification will be considered by the Board in the specified period of time, he said in the submission of regulations.
“We want to tell you that the Board has agreed to the implementation of the Suspension Option of the Company’s spectrum auction installments for a period of 4 years (October 2021 to September 2025) in accordance with notifications on October 14, 2021 issued by the Telecommunications Department,” he said.
The government last week wrote to Telcos, asking them to convey on October 29 if they would choose a moratorium.
Chairman Bharti Airtel Sunil Mittal said the company would choose a moratorium.

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