The Vodafone Idea (Vi) stock surged almost 20% Tuesday morning on BSE, just days after the government resolved to convert a sizeable chunk of the telco’s spectrum dues into equity shares worth Rs 36,950 crore.
Spectrum Dues
India Allows Telecom Firms More Time to Pay Spectrum Dues
Gold Silver Reports – India extended the time limit for payment of spectrum-related charges to the government in a move that will provide relief to telecom-operators hit by an intense pricewar spurred by a new entrant’s offer of free calls and lower data charges.