Tillman Global May Invest in Vodafone Idea (Vi)
Tillman Global Holdings (TGH) eyes $4-6B investment in Vodafone Idea (Vi) for functional control, pending government approval on debt restructuring. Vi seeks relief from AGR dues and spectrum payments.
DoT to seek FinMin nod for second BSNL VRS, to cut workforce by 35%
In 2022, the Centre approved a second revival package for BSNL and MTNL amounting to ₹1.64 lakh crore, that included financial support for de-stressing the balance sheet, capital expenses, settlement of adjusted gross revenue (AGR) dues, and viability gap funding (VGF) for rural landline connections.