Vodafone Idea seeks 2 years moratorium for payment of annual spectrum payment of Rs.10,000 crore.

Vodafone Idea has approached the government, seeking a 2 years moratorium for the payment of annual spectrum charges of Rs.10,000 crore. The Company has explained that this moratorium is being sought, in view of the financial stress that it is facing. The Cellular Operator Association of India (COAI) has already sought a 2 years’ moratorium for the payment of spectrum charges. It is also to be noted that Assocham has already placed a similar demand before the government.