NEW DELHI: Loss-making telecom operator Vodafone Idea on Friday said it has received board nod to settle Rs 1,600 crore dues to equipment vendor ATC Telecom Infrastructure Ltd by converting the due amount into equity if unpaid in 18 months.
Vodafone Idea (VIL) will raise the amount through equity convertible debt bonds that carry a coupon rate of 11.2 per cent per annum payable every six months during its term.
