Vodafone Idea adds Rs 700 crore to its pending dues to Govt

The financial crunch at Vodafone Idea, which has so far been unable to raise funds from investors, is showing as the company’s dues to the government towards quarterly statutory dues like licence fee and spectrum usage charge, have risen by Rs 702 crore, as it has not been able to make payment for the October-December quarter of the current fiscal. With this the telecom operator’s total dues to the government has gone up to over Rs 1,000 crore.

According to sources, the company has been able to clear only 10% or Rs 78 crore of the statutory dues for the quarter, adding that it has sought some additional time from DoT to clear the pending dues.