After years of following Spectrum related news for Telecom Companies, The Third musketeer finally gives in and decides to convert the spectrum dues into Equity by giving 35%+ Stake to the government.
Board meeting summary for those who are interested :
Summary : Company Survives for now and massive dilution for all the existing shareholders.
Standard Disclaimer : Not Holding
Vodafone Customer care will says…Lunch ke baad call karo now
Welcome to sarkari club vodafone
I am told the same offer was given to bharti but they refused.
If i need a new connection will i ever get voda connection. How in the world do they expect to turn around
From the govt point of view i think they thought anyway this is a write off so why not get into equity and once allocated sell it in parts when things in the short run goes up and collect something than get nothing
Something is better than nothing
In the end i hope the retail penny stock hunters don’t get stuck with this stock