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VIL welcomes govt's BG waiver, says will boost 4G, 5G investment
The New Indian Express Tiruchy
|December 30, 2024
TELECOM service provider Vodafone Idea Limited (VIL) has welcomed the Indian government's decision to waive the Bank Guarantee (BG) requirement for the purchase of spectrum, calling it a significant relief for the telecom industry.
The company added that this move would not only ease the financial burden on telecom operators but also boost investments in 4G and 5G network infrastructure in India.
The government's move is particularly beneficial to Indian telecom operators, especially Vodafone Idea, which has been grappling with significant financial strain.
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