On November 26, Vodafone Idea shares experienced a 15% surge due to reports that the Union Cabinet has approved a waiver of bank guarantees for telecom operators. This waiver specifically applies to spectrum acquired in auctions prior to 2022, which will significantly alleviate the financial burden on the telecom sector.

Vodafone Idea is expected to benefit the most from this decision, as their outstanding bank guarantees exceed Rs 24,700 crore. At 09:40 AM, Vodafone Idea's shares were trading at Rs 8 on the NSE, indicating a notable increase in market activity. The positive sentiment also extended to Bharti Airtel, with their shares rising by over 1%. The telecom industry as a whole holds more than Rs 30,000 crore in bank guarantee obligations, underscoring the substantial impact of this government decision.