Cabinet Removes Bank Guarantee Requirement for Spectrum
Zee Business Video Team | Updated: November 26, 2024 12:50 PM IST
The Indian Cabinet has announced a significant policy change, removing the need for large bank guarantees against previously purchased spectrum. This move is expected to benefit telecom companies, including Vodafone Idea, which saw a gain of up to 18% following the announcement. In this video, we break down the implications of this decision on the telecom industry, its impact on companies, and the potential long-term effects on the sector.
