Govt won’t convert Vodafone Idea’s debt to equity until it rolls out 5G with investors on board
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The government has told Vodafone to first roll out 5G services and bring investors on board, before the Department of Telecom can convert its debt into equity. The debt is a result of the accrued interest on deferred AGR dues that Vodafone, Airtel and other telcos refused to pay for years, before being instructed by the Supreme Court to comply.