US EditionVodafone Idea Asks Government To Convert More Dues To Equity—NDTV Profit Exclusive
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Vodafone Idea Asks Government To Convert More Dues To Equity—NDTV Profit Exclusive
Telecom service provider Vodafone Idea is seeking further support from the government, as it is finding it challenging to repay adjusted gross revenue or AGR and spectrum dues. A letter addressed to telecom secretary Neeraj Mittal was sent on March 11, where Vodafone Idea has requested government to convert more of its dues into equity.If the government agrees to convert more dues to equity, its stake in Vodafone Idea will rise to 49% from the c…
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