MUMBAI (NewsRise) -- India's decision to allow telecom companies to defer spectrum payments offers a short-term breather to wireless carriers, but for floundering operator Vodafone Idea, the measure could be too little, too late.
Markets
Vodafone Idea likely to find India spectrum moratorium too little, too late
Telecom companies may get only a short-term breather from the government move
Vodafone Idea may have to pay as much as 442 billion rupees ($6.2 billion) in adjusted gross revenue dues and penalties, the biggest in the industry, while rival Bharti will have to fork out 343 billion rupees. © Reuters
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