News > Tata Tele opts for conversion of interest to equity, Centre to hold 9.5%

Tata Tele opts for conversion of interest to equity, Centre to hold 9.5%

In a rare development, the Centre is set to receive ownership in two private telecom companies – the debt-laden Vodafone Idea and Tata group’s Tata Teleservices (TTL)–in lieu of the interest dues from them, as part of the revival package for ailing players announced last September.

The government will get stakes in two companies under Tata Teleservices (TTL).