Government working on relief package for Vodafone Idea: Report
Vodafone Idea might be getting a lifeline soon—reports say the government is putting together a relief package after the Supreme Court's ruling on its AGR dues.
The Department of Telecom is double-checking the company's original dues for any errors or overlaps, which could mean lower interest and penalties.
This move is pretty important to help Vodafone Idea stay in business.
Relief package could help Vi stay in the telecom game
If the government finds mistakes in the calculations, Vodafone Idea's financial burden could drop a lot.
With heavy losses and tough competition from Reliance Jio and Bharti Airtel, this relief package couldn't come at a better time.
The company did manage to shrink its losses last quarter thanks to higher tariffs, but it still needs serious support to keep up in the telecom race.