16-June-2025
Corporate News
 
Govt considers options to keep Voda Idea afloat
14-Jun-2025

After categorically ruling out any further debt-to-equity conversion of Vodafone Idea’s adjusted gross revenue (AGR) dues, the government is now exploring alternative options to support the financially strapped telecom operator if the need arises. The move is part of the government’s efforts to prevent the creation of a duopoly in the telecom sector. Communications minister, Jyotiraditya Scindia, has categorically said that there is no further scope for converting Vodafone Idea’s dues into equity. He has said that the government had already raised its stake in the company to 49% following the conversion of spectrum debt worth Rs 36,500 crore.

News Source:- https://www.financialexpress.com/business/industry/govt-considers-options-to-keep-voda-idea-afloat/3879131/?ref=hometop_hp