India’s telecom saga has always had a flair for the dramatic, but the latest act is particularly intriguing. With the government, now holding a hefty 49% stake in Vodafone Idea, it finds itself in an awkward position--part owner, part bystander, and, increasingly, part scapegoat.This wasn’t a calculated investment or a bold strategic move; it was more of an accidental acquisition, forced by a massive equity swap for unpaid dues. And, it appears the issue is far from resolved.
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