The telecom sector is being dominated by the fewer of the industry, out of which the industry is being majorly dominated by Reliance Jio, following that Bharti Airtel, and coming to the third position there is Vodafone Idea. With this, now comes the entry of the Adani Private Networks which are struggling high to end with a higher position in the dominance of the telecom sector. However, the most underrated company that provides both service and satisfaction to its users is Vodafone Idea which has been started as VI with the merging of the Idea with Vodafone. Everyone is interested in the 5G spectrum auction and how the bid will end up with the government, but only a few are talking about the redeveloping initiative that is being forwarded by the VI firm towards its existing networks.
This brings the users to view the company from the perspective of the new developing league that will have an impact on the users and the telecom department. From the government’s perspective, they have an interest in having the equity of the Vodafone Idea as the share of the whole, but according to some sources that will take some time from the company’s side of view. According to the communication minister, Ashwini Vaishnav, the equity conversion will take some time that incurs the loss of time both towards the company and the government, he further stated that the issue is not any external delegation, but some internal technical conflicts are yet to resolved from both the parties.
Earlier in July, the Finance Ministry informed the telecom department about the preceded transaction that, they are trying to take forward with the telecom company. The government also granted the proper moratorium to Vodafone Idea as an option for the payment of the dues of a total of 16,000 INR crore that is a part of the relief package that is being announced in September. In addition to this, the company also got a total of 8,837 INR crore worth of dues to be converted into equity by the telecom department. The company has been going through a financial struggle for the past few years, excepting grants from the government that is constantly trying to relieve the company from the prevailing dues that, it is yet to pay to its investors.
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