Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
Vodafone Idea's plans to raise ₹35,000 crore will likely get a boost after the Union Cabinet decided to waive bank guarantees to be submitted for airwaves bought in auctions till 2022.
Vodafone Idea Shares Surge on Spectrum Guarantee Waiver
Vodafone Idea shares jumped nearly 8% after the Indian government waived the requirement for bank guarantees on spectrum purchased before 2022, providing relief to the debt-ridden company.
Vodafone Idea skyrockets 17% as cabinet clears bank guarantee waiver for telcos
Indian telecom operators, primarily Bharti Airtel and Vodafone Idea, collectively bear over Rs 30,000 crore in bank guarantee obligations.
Vodafone Idea shares end 9% higher, issues clarification on bank guarantees
Vodafone Idea said that it is yet to receive any communication from the Department of Telecommunications (DoT) or the government about any decision taken with regards to reports of bank guarantees.
‘Not received…’ - Vodafone Idea’s clarification on waiving of bank guarantees amid 18% jump in share price – Details
Earlier, media reports claimed that the Union Cabinet approved a proposal to waive the bank guarantees required to be provided by telecom operators for spectrum purchased in auctions conducted by DoT up to 2022.
Vodafone Idea shares zoom 18% on in-principle Cabinet nod for bank guarantee waiver
Vodafone Idea's shares surged 18% after the Indian government waived bank guarantees for past spectrum purchases. This move significantly benefits Vi, which faced a Rs 24,700 crore bank guarantee burden.
Bank guarantee waiver will ease telcos' financial burden, says COAI
The Cellular Operators Association of India (COAI) on November 26 welcomed the cabinet’s move to waive the bank guarantee requirement for spectrum purchased before 2022, saying it would significantly alleviate the financial strain on telecom operators.
Big Relief For Vodafone Idea! Cabinet Clear Bank Guarantee Waiver For Telecoms | Business News
The bank guarantee requirement, which was in place until 2021, has been eliminated for the 2022 auctions. Vodafone Idea (Vi) is obligated to submit Rs 24,700 crore worth of bank guarantees. The moratorium for spectrum auction dues will expire in October 2022.
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This Vodafone Idea recharge plan to last for 12 weeks at just Rs 509: What’s new?
Vodafone Idea has launched a budget-friendly plan which will last for 84 days and will offer a 1000 SMS limit, 6GB data and unlimited local as well as STD voice calls. Here are the details.
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Vodafone Idea’s 4G Capacity Rises 14% in Q2FY25; But Subscriber Base Shrinks Amidst Tariff Hikes
Vodafone Idea (Vi) increased its 4G capacity by 14% during the second quarter of the financial year 2025 ending ...