Vodafone Idea challenges DoT’s ‘approval fee’ guarantee

0
42
Vodafone Idea officially starts operation as largest Indian telco

New Indian market chief Vodafone Idea is launching a authorized problem in opposition to the INR33 billion ($444 million) guarantee demanded by the Indian authorities as a situation for approving the operator’s creation.


India’s Department of Telecommunications imposed the lump sum spectrum cost as a prerequisite for approving the merger of Vodafone India and Idea cellular, which accomplished in August. Vodafone ended up paying INR39 billion and Idea INR33 billion.

The quantity was provided through each money funds and financial institution ensures, and was calculated by subtracting the usual payment for spectrum allocation from the market worth of spectrum not bought at public sale. Vodafone Idea has already twice requested that the quantity be re-examined however the DoT has not responded.

According to The Economic Times, the merged operator is now petitioning the Telecom Disputes Settlement and Appellate Tribunal on the grounds that the demand is “arbitrary, discriminatory, illegal and unenforceable”.

The case can be reviewed by the tribunal on 20th October.

OTHER ARTICLES YOU MAY BE INTERESTED IN…

RCom faces chapter over recent Ericsson problem

5G controversies continue  Vodafone Idea challenges DoT’s ‘approval fee’ guarantee Kolkata traffic600 200 150
5G controversies proceed
AI agreement and debt deal for Bharti  Vodafone Idea challenges DoT’s ‘approval fee’ guarantee airtel logo 600 200 150
AI settlement and debt deal for Bharti
A new OTT giant?  Vodafone Idea challenges DoT’s ‘approval fee’ guarantee OTT 600 200 150
A brand new OTT large?
More challenges for India’s operators  Vodafone Idea challenges DoT’s ‘approval fee’ guarantee IndiaStreet 600x450 200 150
More challenges for India’s operators
Indian DoT to audit operators following revenue plunge  Vodafone Idea challenges DoT’s ‘approval fee’ guarantee Indiagatelightning600 200 150
Indian DoT to audit operators following income plunge


Leave a Reply