Vodafone Idea a big winner as Cabinet okays bank guarantee waiver: What you need to know

The Indian government waived bank guarantees for telecom spectrum payments due before 2022. This move provides significant relief to Vodafone Idea, Airtel, and Jio, freeing up funds for network improvements. Vodafone Idea, facing financial difficulties, benefits the most with Rs 24,700 crore relief. This decision boosted telecom stocks, particularly Vodafone Idea's.