Shares of Vodafone Idea (VIL) extended their gains to the second straight session on Monday after the telecom operator’s British parent Vodafone Group plc on Friday won an arbitration against the Indian government over its demand for Rs 22,100 crore in taxes using retrospective legislation.

After gaining 13.60 per cent on Friday, the scrip traded 1.64 per cent higher at Rs 10.53 in the early trade, while the benchmark BSE Sensex was up 0.76 per cent at 37,671.

However, the Centre said it will study the arbitration award to decide on its future course of action.

In another development, the company on Sunday said it has started upgrading its 3G users to 4G in key markets.

Further, the company also added that it is in the best position to upgrade 2G customers to 4G, but it will continue with basic voice-based services to its 2G subscribers.

“While the company will continue to offer basic voice services to its 2G users, 3G data users will gradually be upgraded to 4G in a phased manner across all markets. VIL has started informing its customers in the markets where re-farming is getting completed,” it said in a statement.

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