As per industry sources, the government is considering hiring an advisor to manage the conversion of interest dues related to deferred spectrum payments and adjusted gross revenue (AGR) into equity in Vodafone Idea Limited (Vi).

The appointed advisor will work with the finance ministry and the Department of Telecommunications (DoT) to determine the stake that the government should have in the ailing telco.

The advisor will reportedly be chosen from firms empanelled by the Department of Investment and Public Asset Management (DIPAM), and will decide the final quantum of dues that needs to be converted, while the department will supervise the equity conversion.