Key Points
I believe this should happen within this year, the minister said.. Ashwini Vaishnaw, communications and IT minister, on Thursday said the government is concerned over the delay by Vodafone Idea in raising funds..
The ailing telecom operator has not been able to get either equity infusion by the promoters or funding through investors...
The government had in February converted Vodafone Ideas interest dues worth `16,133 crore into equity, following assurance from the promoters that they will bring in fresh investments..
The government is currently the single largest stakeholder with a 33.4% stake in Vodafone Idea and Aditya Birla group holds 18%...
However, he said that the government is looking to resolve issues around satellite spectrum allocation whether it should be done via auctions or administratively...
