Vodafone India has offered to pay Rs 40 billion ($673 million) to the Indian government for the extension of the permits in three metros of Delhi, Mumbai and Kolkata. Its licence is due to expire in November of next year.
Vodafone, the nation’s second largest telecom operator, wrote to the Telecom Secretary offering to pay Rs.4,000 crore for extension of its license beyond November, 2014.
The company is also open to the idea of discussing the issue further to arrive at mutually agreed terms and conditions.
The Indian government has already rejected one proposal to renew the permits, which was challenged by Vodafone. The case will be heard on August 29th.
The government, on the other hand, plans to auction spectrum in the three cities in the forthcoming round scheduled later this fiscal.
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