Vodafone Idea Airtel To Get Bgs Back From Govt
Vodafone Idea (Vi) and Bharti Airtel will be getting back bank guarantees worth Rs 23,000 crore from the government. Out of this, Vi will get back Rs 15,000 crore of BGs while Airtel will get up to Rs 7,000 or Rs 8,000 crore worth of BGs. Minister of state for communications, Devusinh Chauhan, said the government has decided to return the bank guarantees to the telcos. The telecom operators will only have to refurnish bank guarantees for their next instalment payment 13 months before its due date....