Telecom tribunal gives Rs 755 crore relief to Vodafone Idea

The Telecom Disputes Settlement & Appellate Tribunal (TDSAT) has asked the department of telecommunications (DoT) to adjust the excess Rs 755.52 crore received by it from Vodafone Idea, towards licence fee and spectrum usage charges. The excess amount to be adjusted by DoT pertains to the amount collected by it from the company at the time of the merger of Vodafone India with Idea Cellular in 2018.

This is a big relief for debt-laden Vodafone Idea, which has been also struggling to raise external funding for a long time now.