Comments
Bharti Airtel on Friday has said it has confirmed to the Department of Telecommunications (DoT) that it will not avail the option of conversion of the interest on deferred spectrum and adjusted gross revenue (AGR) dues into equity.
The company had AGR dues of Rs 58,254 crore, of which it had already paid Rs 18,004 crore. The four-year moratorium should save it around Rs 11,500 crore in annual cash flows.
Related Stories
ICRA revises telecom outlook to ‘stable’
Says recent tariff hike has potential to improve industry ARPU by end of FY23“In furtherance to the earlier communication dated October 25, 2021 and in reference to the notification dated October 14, 2021 issued by the DoT to the company, we wish to inform you that the company has confirmed to DoT that it will not avail the option of conversion of the interest on deferred spectrum and AGR dues into equity,” Airtel said in a communication to the stock exchanges.
Related Stories
Telcos’ revenue likey to go up by 13% this year: Analysts
Major developments in the telecom industry including tariff hikes could mean major innings for the sector
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.