Vodafone Idea seeks 2 years extension for spectrum payment
Telecom operator Vodafone Idea has sought two-years moratorium on annual spectrum payment of about â¹10,000 crore, citing high debt levels. Prior to the merger, Vodafone bought spectrum worth â¹79,343 crore while Idea purchased spectrum worth â¹63,597 crore in auction. The sector has lost 42% revenue from sales of telecom services on quarterly basis between April-June 2016 and July-September 2018.