The development comes as the government has made it clear that no further relief is on the table for the debt-laden operator. Minister of State for Communications Chandra S Pemmasani told CNBC-TV18 in August that the government has already extended support by converting nearly ₹53,000 crore of dues into equity in 2021, giving it a 49% stake.
“Whatever we wanted to do has already been done. Vodafone is up to their management. They know how to manage,” Pemmasani said.
Earlier, Telecom Minister Jyotiraditya Scindia, in an interview with CNBC-TV18 on July 2, had confirmed that the government does not intend to turn Vodafone Idea into a public sector undertaking.Also Read: Vodafone Idea Q1 loss narrows to ₹6,608 crore QoQ; ARPU rises 15% to ₹177 YoY
Vodafone Idea reported a net loss of ₹6,608 crore in the first quarter of FY26, narrowing sequentially from ₹7,166 crore in Q4FY25, while revenue rose 5% year-on-year to ₹11,022.5 crore.
Average revenue per user (ARPU) improved 15% YoY to ₹177, which the company described as its strongest performance since the merger.
Shares of Vodafone Idea closed at ₹7.26 on the NSE, down 0.41%.
