Vodafone Idea Hit with ₹26.8 Cr DoT Penalty for Spectrum Rollout Default

The Department of Telecommunications has issued a notice to $IDEA demanding ₹26.83 crore in liquidated damages for alleged default in meeting minimum rollout obligations related to spectrum acquired in the 2022 auction. The telco received the notice on July 31 and said it is reviewing the demand while evaluating next steps. Vodafone Idea clarified that the matter pertains to network coverage commitments under the 2022 Notice Inviting Applications and stated there is no immediate financial or operational impact on its current business. Top stocks in the telecom industry: $BHARTIARTL , $RELIANCE , and $INDUSTOWER .