Vodafone Idea Beats Expectations, Accepts to Give Equity to Govt
Vodafone Idea (Vi), the third-largest telecom operator in the country, is reportedly going to convert the full amount of interest dues related to the spectrum auction instalments as well as spectrum dues into equity for the Indian government. According to a Reuters report, the telco’s board approved for the move. With this, the current promoters will own a lesser stake in the company than the government. Post the conversion of... Read More