NEW DELHI: The telecom ministry will 'activate' its plan to convert dues of Vodafone Idea into equity as soon as the telco demonstrates firm commitment as a serious long-term player in the market through fundraising or any other confidence-building measure, according to a senior government official.
The nod from market regulator SEBI came in earlier this year for the dues-to-equity conversion, and the Telecom Department is ready to "take the plunge" once VIL takes some "positive action".
