Vodafone Idea seeks waiver of Rs 24,700-cr bank guarantee from DoT

Vodafone Idea has requested a waiver on a Rs 24,747 crore financial bank guarantee for spectrum payments due in September 2025. The company, with outstanding dues of Rs 2,03,430 crore, is utilizing moratoriums and equity offerings to manage its liabilities. The government's shareholding in VIL has decreased to 23.8% as of March 31, 2024. The company is navigating through financial challenges to sustain its operations.