Vodafone Idea would convert the interest on deferred statutory dues into government equity
Said managing director Ravinder Takkar
He added that the loss-making telco would survive and be competitive
The four-year payment moratorium will ensure that, he said
Vi will utilise the cash saved for expanding its network and participating in 5G auctions
Takkar urged banks to back the telco’s expansion efforts
Vodafone Idea is India’s only loss-making private telco, weighed down by debt of Rs 1.9 lakh crore
Recently, the Indian government has announced a relief package to save struggling telcos
