Vodafone Idea to pay balance license fee by April 15 with interest

Vodafone Idea Ltd will pay the remaining amount of license fee by April 15 along with the interest. Days after the Department of Telecommunications issued a show cause notice to the company over non-payment of license fee in seven circles, Vodafone Idea said, in a regulatory filing, that it will send a “suitable clarification” to DoT on the same. It said that payment of license fee is a regular quarterly exercise based on self-calculation of revenue for each quarter. Generally, the payment is made on 15th day of the month following the quarter end, but in the fourth quarter, an estimated payment is required by March 25.

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