Vodafone Idea Might See Govt Get A Stake In The Company
Vodafone Idea, the third-largest telecom operator in India might see the government stepping in and getting a stake in the company. A person aware of the matter told ET Telecom that the government is considering getting a token stake in Vodafone Idea. But the government will not infuse any capital into the company. It will only look to convert a part of the telco’s dues as equity for itself. This might be good news for Vodafone Idea since it has the kind of debt which will be hard for a company to pay if its cash flow is negative....