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Published: June 15, 2023
Updated: June 15, 2023
The government is considering a plan to merge Vodafone Idea, in which it holds a 33 per cent stake, and BSNL. The merged entity will be the third biggest player in the market. It’s quite obvious that both Vodafone plc and the Birla group don’t want to invest any more in the loss- making company. Vodafone Idea has even asked lenders to take a huge haircut.
The government feels that with the merger, it will be a win-win deal for all. BSNL will be back in the race with taxpayers’ bail-out and Vodafone Idea will be able to make a comeback. This will also not allow the duopoly of Reliance Jio and Airtel to control the telecom market.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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