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Airtel’s debt levels to go up by $2 billion due to spectrum spends

India’s leading telco Bharti Airtel will see its debt levels increasing by around $2 billion due to its spectrum wins in the recently concluded auctions, ratings firm Moody’s said. The telco has acquired 173.8 Mhz spectrum across three spectrum bands that include 1800 MHz, 2100 MHz and 2300 MHz for a total of Rs 14, 244 crore, in the spectrum sale by the government. It has spent Rs 35.8 billion ($500 […]

from Telecom Talk https://telecomtalk.info/airtels-debt-levels-to-go-up-by-2-billion-due-to-spectrum-spends/157857/

via: https://telecomtalk.info/airtels-debt-levels-to-go-up-by-2-billion-due-to-spectrum-spends/157857/

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