Vodafone Idea gets Rs 26.83 Cr DoT notice for rollout lapse
India, Aug. 2 -- Vodafone Idea has received separate regulatory actions from India's telecom department and telecom regulator, including a notice seeking liquidated damages of Rs 26.83 crore and an order imposing a financial disincentive of Rs 6.3 lakh, according to the company's stock exchange filings.
The Department of Telecommunications (DoT) has issued a notice asking the telecom operator to pay liquidated damages of Rs 26.83 crore for an alleged failure to meet minimum network rollout obligations linked to spectrum allocated under the 2022 spectrum auction, Vodafone Idea said in a filing dated 1 August. The company said it received the notice on 31 July.
Vodafone Idea said the alleged violation relates to non-compliance with netwo...
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