The telecom watchdog, in its letter dated July 3, alleged that there is no truth in the company’s claim that investments are not coming to India due to low tariffs.
Vodafone idea
Telecom watchdog, the watchdog of the telecom sector, has urged the government to reject the request for more time to clear the Rs 8,292 crore dues of debt-ridden Vodafone Idea. In a letter to the Telecom Minister, the organization said that the company can clear its dues through sale of its shares or through capital infusion of promoters.
Significantly, Vodafone Idea (VI) has sought one-year concession from the government for payment of spectrum installment of over Rs 8,200 crore due in April 2022.
AGR dues issue
The company, in a letter to the Telecom Secretary on June 25, 2021, had said that it would “use cash for payment of arrears of Adjusted Gross Revenue (AGR) and generate the required liquidity in the event of much cheaper prices for its operations”. Due to “failure” she could not pay the installment of Rs 8,292 crore due on 9th April, 2021.
company making fake claims
The Telecom Watchdog, in its letter dated July 3, alleged that there was no truth in the company’s claim that investments were not coming to India due to low tariffs and that it was “in order to avoid payment of the next installment of government dues”. There are false claims made by him with ulterior motives.”
14.2 crore customers
Vodafone Idea has 268 million customers across the country, out of which 149 million customers use 2G service. In such a situation, the company intends to continue the 2G service. In contrast, Reliance Jio is providing only 4G service to its customers. At the same time, Airtel is currently providing all three services, 2G, 3G and 4G, it has a total of 308 million customers.
Cheap plan was brought for 6 crore customers
Earlier, Vodafone Idea (VI) had announced a free plan of Rs 49 to its 60 million low-income customers. This one-time facility has been announced to help customers stay connected with the company during the pandemic. Giving information about this, the company said in a statement that if customers of this group buy a plan worth Rs 79 for their mobile service. If so, they will get almost double profit on this.
( language input )
read this also:
Airlines data leak case: Passenger seeks 30 lakh damages from Air India, accused of deliberately leaking data
Shock to IL&FS: SEBI fined crores, now accused of fraud in mutual funds
.