Vodafone’s future hangs by a thread and the thread is held by the Indian government! Once buried under ₹83,000 crore in dues, Vodafone got a lifeline when the government took a 49.99% stake. But with interest rates as high as 28%, survival still looked tough.
Now the government may ease things by cutting interest to 8–10% and giving more time to pay up. Will this help Vodafone avoid becoming the next BSNL? Or is it too little, too late?
What do you think should the government support Vodafone or let market forces decide?
Drop your thoughts in the comments!
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