Vodafone Idea (Vi) has approached the government to seek one-year moratorium on payment of spectrum instalment of over ₹8,200 crore, due in April 2022. When contacted, a Vi spokesperson said, "Industry players have pointed out the tremendous stress in the telecom sector. Telecom Watchdog alleged that the request of Vi inability to raise funds establish its mismanagement of affairs in terms of operation and financial management. Telecom Watchdog said that the government cannot continue to extend benefits just to help and keep afloat one single company which is unable to manage its own affairs. For the year ended March 31, 2021, Vi loss narrowed to ₹44,233.1 crore from ₹73,878.1 crore at the end of 2019-20.

Source: Mint July 04, 2021 15:22 UTC