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Vodafone Idea, Tata Teleservices, TTML will not become PSUs: Govt

Telecom operators Vodafone Idea Ltd, Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd will not become PSUs after their interest payable on dues are converted into government equity

Vodafone India | Vodafone Idea | Tata Teleservices

Press Trust of India  |  New Delhi 

Vodafone Idea

Telecom operators Ltd (VIL), Ltd and (Maharashtra) Ltd (TTML) will not become public sector undertakings after their interest payable on dues are converted into government equity, the communications ministry said on Wednesday.

The three debt-ridden have proposed to convert their interest liability payable to the government into equity.

"These three will not become PSUs. These three will continue to be managed as professionally run private companies," Telecom ministry said in a statement.

Post conversion, the government would have 35.8 per cent in VIL and the shareholding in TTML at around 9.5 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, January 12 2022. 19:03 IST