TIWN

New Delhi, July 4 (TIWN) Urging the government not to agree to Vodafone Idea's plea to defer the April 2022 deadline for payment of Rs 8,292 crore spectrum installment, non-profit body 'Telecom Watchdog' has said that such requests are "unjustified" and "illegal".
"We are astonished with the request of VIL to defer payment of Government dues, due to its inability to raise funds which clearly establish its mismanagement of affairs in terms of operation and financial management. It has miserably failed to raise funds by dilution of equity and upgrade its networks with latest technology to reduce cost etc," said the letter by Telecom Watchdog Secretary Vikram Mittal.
The NGO further expressed surprised over reports that the Department of Telecommunications is considering the request at a time when the country is striving hard to deal with the economic impact caused by Covid-19 pandemic and the country is making all-out effort to raise additional resources to address this situation. It said that the deferments in payment of government dues are sought by misleading with incorrect facts and despite financially sound promoters.
- Indian Railways Deploys AI Enabled Intrusion Detection System to Prevent Elephant Collisions in 141 RKms on NF Railway
- Gautam Adani meets Andhra Pradesh CM Chandrababu Naidu in Amaravati
- Indian Rupee Plummets to Record Low Past 90 per US Dollar
- Trump Administration Removes Tariffs on Over 200 Food Items Including Beef
- Indian media and entertainment sector projected to cross $100 billion by 2030


