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Vodafone Idea Fined ₹26.83 Crore Over Rollout Obligations
1 Aug
Summary
- Vodafone Idea received a notice for ₹26.83 crore in damages.
- The penalty is for alleged default in minimum rollout obligations.
- The company is reviewing the notice and evaluating next steps.
The Telecom Department has issued a directive to Vodafone Idea (VIL) concerning a payment of ₹26.83 crore. This amount is levied as liquidated damages due to an alleged breach of minimum rollout obligations tied to spectrum acquired in the 2022 auctions. The notice, received by the telco on Friday, July 31, pertains to network deployment requirements stipulated in the 2022 bid document.
Vodafone Idea is currently in the process of reviewing this notice from the Department of Telecom. The company is also actively evaluating the appropriate next steps to address the situation. Despite the penalty, VIL has clarified that this matter does not pose any financial or operational impact on its ongoing business activities.
