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Govt won’t convert Vodafone Idea’s debt to equity until it rolls out 5G with investors on board

Shortpedia

Content Team
Image Credit: bqprime

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.