Govt has no intention of running Vodafone Idea, says telecom firm’s CEO – World Affairs SRS

Govt has no intention of running Vodafone Idea, says telecom firm’s CEO

– World Affairs SRS

A day after the telecom firm agreed to convert interest on deferred statutory dues, the company’s top executive said the government has no desire to run Vodafone Idea or appoint a board member.

“The government is very clear. They want us to run the company. They want the promoters to run the company,” Vodafone Idea Managing Director and CEO Ravinder Takkar said in a media conference on Wednesday. “I am saying this on the basis of personal talks with the government.”

The government will hold 35.8 per cent stake in the financially stressed firm. This makes the government the largest shareholder in Vi, a joint venture between the Aditya Birla Group and UK-headquartered Vodafone.

Vodafone Idea is not the only telecom company in which the government is taking stake. According to the announcements made on Tuesday, it will also hold a 9.5 per cent stake in Tata Teleservices (Maharashtra) Limited (TTML) through the same route. The latest development implies the government’s stake in four telecom companies in the country including two state-owned firms Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL).

                                                    </div><div style="background: #fee8dd; padding: 12px; border: dashed 1px black; margin-bottom: 20px;">

mail Dear reader,

Business Standard has always worked hard to provide updated information and commentary on events that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only reinforced our resolve and commitment to these ideals. Even during these difficult times arising out of COVID-19, we are committed to keeping you informed and updated with relevant news, authoritative views and sharp comments on relevant relevant issues.
However, we have a request.

As we grapple with the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. Subscribing to more of our online content can only help us achieve our goals of providing you with better and more relevant content. We believe in independent, unbiased and credible journalism. Your support through more subscriptions can help us practice the journalism we’re committed to.

support quality journalism and Subscribe to Business Standard,

digital editor



this is an unedited and auto-generated supporting article of the syndicated news feed are actualy credit for owners of origin centers. intended only to inform and update you about Sakari naukri , result , UPSC , Exam Jobs etc. for Provides real or authentic news. also Original content may not have been modified or edited by Rojgar samachar team members.

Leave a Reply