Vi clears ₹818cr statutory dues

Vodafone Idea has paid its statutory dues to the tune of ₹818 crore to the Department of Telecommunications (DoT) as licence price (LF) and spectrum utilization cost (SUC) for the second quarter of 2021-22, clearing all its pending statutory dues.

Coming quickly after the again to again on-time funds to its non-convertible debenture (NCD) holders, the most recent fee of statutory dues underlines the loss-making telco’s easing money stream scenario after the federal government’s reduction bundle, say consultants.

“Vi deposited ₹818 crore on December 31 as LF & SUC primarily based on self evaluation by the corporate,” a senior authorities official said. TGI