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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The loss-making telco may have bought itself some time, but it still has to clear Rs 1.92 lakh crore in dues, roll out 5G services and stem the exodus of customers.
On 7 February, the government of India became the single largest shareholder in loss-making Vodafone Idea when it chose to convert the telco’s penal interest dues into equity.
It was an ominous start.
The Rs 16,133 crore worth of dues, which fetched it a 33.4% stake, came at Rs 10 a share. This, at a time when the market value was Rs 7.95, meaning a notional loss of Rs 3,309 crore from the get-go.
Though the government did not invest a rupee in cash for these shares and will not participate in the day-to-day affairs of the company (or even …
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
Influence cannot be manufactured through diaspora networks, carefully branded events or political donations. It requires honesty and credibility.
Elon Musk’s satellite internet promises a new way to get online. How will it coexist with the country's telecom giants?
