Government has no interest in acquiring any telecom company: Vodafine Idea CEO
The Hindu
Vodafone Idea had total gross debt of ₹1.91 lakh crore, excluding lease liabilities and including interest accrued but not due, as of June 30, 2021
The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of debt-ridden Vodafone Idea has said.
Vodafone Idea Ltd (VIL) Managing Director and CEO Ravinder Takkar in an interview to PTI said it is clear that the government wants the company to compete in the market and there should be at least three private service providers in the telecom sector.
"I have had many many interactions across various parts of the government leading up to this announcement (telecom reforms). In all my conversations, it is absolutely clear that the government has no interest in owning or acquiring or running any other telecom company," Mr. Takkar said.
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