Airtel’s push for Voda Idea-like debt conversion finds no favour with govt

Airtel’s proposal to convert its statutory dues into equity is facing a stiff challenge from the Department of Telecom (DoT), The Times of India reported on July 1. According to government sources cited by ToI, the request is unlikely to be approved, primarily due to the company’s robust financial standing.

This development comes after Airtel surprised many industry observers by seeking a similar bailout to what financially deeply troubled Vodafone Idea received, the report (by Pankaj Doval) said.