According to industry reports, Vodafone Idea Limited (Vi) has failed to pay the full licence fee to the government for the first quarter (Q1) of this fiscal, with a shortfall of nearly Rs 1,500 million.
As per the company’s own assessment, it’s telecom licence fee for the April-June quarter of fiscal 2021-22 was around Rs 6,900 million. However, it could only pay around Rs 5,400 million.
This is the second quarter of delayed payments by the company towards its licence fee, and will lead to a fresh penalty and dues demand over and above the nearly Rs 1.6 trillion that it has to already pay to the Department of Telecommunications (DoT).
