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Govt Should Not Infuse More Capital in Vodafone Idea: P Chidambaram

  • Senior Congress leader P Chidambaram believes that the government should not infuse more capital into Vodafone Idea to revive it, as it already received significant help from the government by converting its dues into equity.
  • Chidambaram emphasizes that allowing a world-class telecom company to take over Vodafone Idea would be a better strategy to promote competition in the telecom industry, rather than making Vi a government-owned entity.
  • Vodafone Idea faces challenges in competing with Airtel and Jio due to its massive debt, leading to customer losses. The company is exploring options to raise funds through private equity to strengthen its position in the market.
  • The debate around the future of Vodafone Idea revolves around maintaining healthy competition in the telecom sector to prevent India from becoming a duopoly, as highlighted by both political figures and industry experts.

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