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A paradise in Vodafone Idea's trouble

The latest round of the government's debt-to-equity conversion is helpful but not enough for the troubled telco

Vodafone Idea debt relief: Can Vi finally turn the corner?AI-generated image

It's paradise in Vodafone Idea's trouble. Switching up the idiom was necessary. On its deathbed for years now, the telco is attempting a resurrection of sorts, not its first. Over two years ago, the government replaced some of its dues with a 23 per cent equity stake. Today, more of it has been replaced with government ownership, now teetering around the half-mark (49 per cent). Investors rejoiced as they often do every time there's a sign of survival, no matter how faint.


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