“When you're in a hole, stop digging.” – Will Rogers

that’s exactly what Vodafone Idea did. Drowning in debt,

allowed the government to step in by converting ₹36,950 Cr of its government debt into equity. This makes the government Vi’s largest shareholder! A win? Maybe. But Vi still has falling users, no strong 5G game, and ₹55,000 Cr needed for survival. This week we break down Vi’s past, present & future possibilities.