Vodafone Idea board clears moratorium

NEW DELHI: Vodafone Idea on Wednesday said its board has approved availing the four-year spectrum-payment moratorium being offered by the government as part of its recent relief package for the telecom sector. The other options offered in the telecom department’s notification will be considered by the board within the stipulated timeframe, it said in a regulatory filing. “We wish to inform you that the board has approved the exercise of the option of deferment of the company’s spectrum auction instalments for a period of 4 years (October 2021 to September 2025) in accordance with the notification dated October 14, 2021 issued by the department of telecommunications,” it said. The government last week wrote to telcos, asking them to convey by October 29 if they would opt for the moratorium. Bharti Airtel chairman Sunil Mittal had said the company will opt for the moratorium.

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