Vodafone to swap debt for 35.8% government stake
Centre will also bag a share of 9.5 per cent in Tata Teleservices which has chosen the same option
Source: telegraphindia.com
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The only way to prevent a Mukesh Ambani-dominated duopoly over the world's most painful telecom market
The world’s cheapest data costs have done wonders for India by helping spread the benefits of the internet beyond a tiny, urban, affluent class. But there’s a problem: Successive governments have hounded telecom operators with outlandish financial demands. Now things have gone too far. Vodafone Idea Ltd., one of the three private-sector competitors left standing in what used to be a field of a dozen players, is very close to crumbling under the weight of its $30 billion debt. That will effectively turn the wireless market in the nation of 1.4 billion people into a duopoly. Maybe not immed...
Source: indiatimes.com