Government Considers Exit from Vodafone Idea Amidst Relief Package and Investor Interest
4 hours agoBusiness
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Government Considers Exit from Vodafone Idea Amidst Relief Package and Investor Interest

The Indian government's approval of a relief package for Vodafone Idea, including a five-year freeze on AGR dues, may pave the way for the government's exit from the company. Sources indicate that the government is considering bringing in a private sector investor, with two corporate groups having previously shown interest. The government acquired a 49% stake in February 2023 in lieu of dues and aims for Vodafone Idea to remain a viable player in the competitive telecom market.

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