Vodafone Idea pays Rs 1701 crore towards spectrum

Mumbai: Vodafone Idea has made a payment of Rs 1701 crore to the Department of Telecommunications towards the annual installment for spectrum acquired in the 2022 auction, the company said in a filing to the Bombay Stock Exchange Saturday evening.

This the second installment for spectrum acquired in last year’s auction where Vodafone Idea had bought 5G spectrum in the 3300 MHz and 26 GHz frequency bands for Rs 18,799 crore.

“We wish to inform that the Company has today, i.e. 16th September, 2023, made the requisite payment of ~ Rs. 1,701 crores (including interest) to the Department of Telecommunications, Government of India, towards 2022 Spectrum Auction Instalment,” Vi said in the filing.