ravinder takkar

A day after Vi (Vodafone Idea) opted to convert interest on dues to government equity, its CEO on Wednesday said the government had made its position amply clear that it does not want to run the telco, and added that existing promoters are fully committed to managing and running the company's operations.Vodafone Idea on Tuesday announced its decision to opt for converting about Rs. 16,000 crore interest dues liability payable to the government into equity, which will amount to around 35.8 percent stake in the company.If…

Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs. 7,230.9 crore for the third quarter ended December 2021.The company had posted a loss Rs. 4,532.1 crore in the same period a year ago.Consolidated revenue from operations declined by 10.8 per cent to Rs. 9,717.3 crore from Rs. 10,894.1 crore in the year-ago period."We are pleased to announce second consecutive quarter of revenue growth driven by several tariff interventions taken in the last few months. While the overall…