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The DoT through its communication dated October 4 disposed-off the telecom operator's representation and objections in respect of license fee demand of Rs 1,749 crore and Rs 1,524 crore, respectively (including Interest till 31 March 2023) for FY 2015-16 and FY 2016-17.
The company said that it has in the past written to DoT to correct the errors in demands up to FY 2016-17 which DoT has not acted upon so far.
In a regulatory filing, the company said, “If however, it is permissible for DoT to modify the demands for the period covered by the Judgment of the Supreme Court (SC), then in that event there are various errors which need to be corrected and which would reduce the demand crystallized by the SC.”
A review petition was filed by the company seeking directions from the SC to carry out correction of these errors and the same continues to be pending, it added.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles.
The teleco reported a net loss of Rs 7,840 crore in Q1 FY24 as compared with a net loss of Rs 7,296.7 crore recorded in Q1 FY23. Gross revenue rose by 2.4% YoY to Rs 10,655.5 crore in the first quarter.
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