Vodafone Idea’s $6 Billion Gamble: TGH’s Potential Lifeline Amid Denial and Supreme Court Hopes
In the high-stakes world of India's telecom arena, where giants like Reliance Jio and Bharti Airtel dominate, Vodafone Idea (Vi) has been fighting for survival. Yesterday's whirlwind of reports, denials, and a Supreme Court twist sent Vi's shares soaring 9%—a rare bright spot for the debt-laden operator. At the center? Rumors of a massive $4-6 billion infusion from US private equity firm Tillman Global Holdings (TGH), potentially reshaping Vi's leadership and fortunes. But with Vi issuing a swift denial and the deal hinging on government leniency for crippling dues, is this a beacon of hope or just another false dawn? Let's unpack the drama, the dollars, and what it means for India's third-largest telco.  As of today, Vi's market cap hovers around Rs 63,000 crore, but its balance sheet tells a grimmer tale: over Rs 2.1 lakh crore in total debt, including Rs 84,000 crore in adjusted gross revenue (AGR) and spectrum liabilities. With 5G auctions looming and su...