Funding delay at Vodafone Idea under govt lens

NEW DELHI: Nearly six months after picking up a 33% equity in Vodafone Idea in lieu of interest payouts, the government seems to be losing patience with delays in fund infusion by the promoters. It has put the company on watch as the telco reels under financial stress, which is affecting 5G launch plans.

The company, though, remains hopeful and is understood to be stitching up a plan to infuse funds “as early as possible”, according to insiders. Top sources said both DoT and the finance ministry are watching the developments at Vodafone Idea “with concern” over inability of promoters to bring in funding “despite repeated assurances” given by them.