The Indian government is considering a number of measures to keep Vodafone Idea from going bust, including more time for repayment and changing the interest calculation, The Economic Times reported.
Suggestions tabled are increasing the repayment period from the current six years to 20 years and shifting away from compound interest, which would substantially reduce the operator’s annual payment burden, the newspaper stated.
Other options include a moratorium on adjusted gross revenue (AGR) levies and encouraging local banks to offer new credit, other local media reported.
The government, which is the operator’s largest shareholder, previously noted…