No word from DoT on dues' conversion since April: Vodafone Idea CEO

In an analyst call following the release of Vi results, CEO Akshaya Moondra said the company is trying to quickly close funding talks with banks so that stuck vendor payments can be quickly addressed

Vodafone Idea (Vi) has not heard from the department of telecom (DoT) since April on the Centre’s pending conversion of dues worth Rs 16,130 crore into equity, Vi chief executive officer (CEO) Akhaya Moondra has said.

“Basically, we are in discussions with the government, and I also don’t know the reason why this (dues conversion) is not happening. The government is taking some time,” he said on Friday, during an analyst call to discuss the company’s Q2 (July-September) results.

“On our end, we exercised the option to convert back in January. We had discussions with the DoT in March. We