Vodafone Idea has announced that the Indian government will convert its outstanding spectrum auction dues into equity shares valued at ₹36,950 crore. As a result of this conversion, the government's stake in the telecom company will rise significantly from 22.6% to approximately 49%. This move is part of Vodafone Idea’s efforts to improve its financial position and reduce its debt burden, allowing the company to focus on network expansion and improving service quality in the competitive Indian telecom market.
Download the medial app to read full posts, comements and news.