'Government may also convert Vi's AGR and spectrum dues into equity'
Vi's cash crunch - it had a cash balance of ₹160 crore at December end - has meant it has been unable to invest meaningfully in expanding 4G networks and roll out 5G services, leading to consistent subscriber losses to rivals Reliance Jio and Bharti Airtel. Vodafone Idea lost 65 basis points subscriber market share in the fiscal third quarter compared to 35 and 30 bps growth for Airtel and Jio, respectively.
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