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Vodafone Idea to clear Q4 licence fee dues by next week following DoT s show-cause notice
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Synopsis
The payment was due on March 25 as per a show-cause notice that was sent by the Department of Telecommunications (DoT) to India s only loss-making telco on April 7. DoT sought to know why action should not be taken against the telco for violating licence conditions by not paying dues on time.
Agencies
Due to competitive pressures, the carrier has been unable to increase tariffs, which would have strengthened its financials. The ongoing non-payment of licence fee issue reflects the company’s financial situation, experts said.
Voda Idea to clear Q4 dues by next week
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Synopsis
The payment was due on March 25 as per a show-cause notice that was sent by the Department of Telecommunications (DoT) to India s only loss-making telco on April 7. DoT sought to know why action should not be taken against the telco for violating licence conditions by not paying dues on time.
Agencies
Due to competitive pressures, the carrier has been unable to increase tariffs, which would have strengthened its financials. The ongoing non-payment of licence fee issue reflects the company’s financial situation, experts said.
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