Vodafone’s Vi stake diluted further as gov strengthens grip on Vi
Struggling operator Vi takes debt-to-equity conversion deal that will see the government’s stake near 50%, and Vodafone’s drop to a reported 16%.
This article includes:
- Organisations: Aditya Birla Group; Bharti Airtel; Department of Telecommunications; Ericsson; Government of India; IIFL Capital Services; Indus Towers; Nokia; Reliance Jio; Securities and Exchange Board of India; Vodafone Group.
- Geographic: Europe; India.
- People: Akshaya Moondra; Balaji Subramanian; Nick Read.
- Themes: 4G expansion; 5G rollout; Adjusted Gross Revenue; Debt-to-equity conversion; Fundraising; Public offering; Spectrum auction dues.
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