Government’s Current Stake
According to the ET Times , the Indian government holds a 48.99% stake in Vodafone Idea after converting Rs 36,950 crore of spectrum dues into equity shares.
Govt Says No to More Vodafone Idea Stakes, Asks for Dues—Read Here to Know
Communications Minister Jyotiraditya Scindia clarifies the government’s position on its stake in Vodafone Idea and the company’s financial obligations. Here's what you need to know
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Govt Stake Limit
Communications Minister Jyotiraditya Scindia stated that the government will not raise its stake beyond 49%, as doing so would effectively turn Vodafone Idea into a public sector undertaking (PSU).
Photo: Tribhuvan Tiwari
Clear Remaining Dues
Even after the government converted its dues into equity, Vodafone Idea still owes a large amount in adjusted gross revenue (AGR) and spectrum payments. The minister said it’s the company’s responsibility to pay these dues.
No BSNL Merger
Addressing speculation, Scindia informed that there are no plans to merge Vodafone Idea with state-owned BSNL.
Starlink’s Permit Status
The minister also mentioned that Elon Musk’s Starlink has yet to meet all guidelines required to secure a satellite communication (satcom) permit in India.
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India Post’s Profitability Goal
Scindia expressed the government’s aim to make India Post profitable within the next five to six years.
Impact on Telecom Sector
The government turned some of Vodafone Idea’s dues into shares as part of a bigger relief plan. This move was meant to help the telecom sector and stop it from being controlled by just two big companies.
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Promoters Still In-Charge
Even though the government owns a big part of the company, Vodafone Idea is still run by its original promoters — Vodafone Plc and the Aditya Birla Group.
Future Outlook for Vodafone
Vodafone Idea faces the challenge of clearing its remaining dues without further government equity support, while striving to remain competitive in the telecom market.
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