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AIRTEL DEBT REDUCTION
Crisil upgrades Airtel, Bharti Telecom ratings on financial profile, market shareCrisil Ratings has improved Bharti Airtel and Bharti Telecom's ratings. This upgrade reflects Airtel's improved financial health and growin...
Bharti Airtel prepaids Rs 5,985 crore to DoT, reduces spectrum debt and interest costsBharti Airtel and its unit Bharti Hexacom have prepaid Rs 5,985 crore to clear high-cost debt from the 2024 auctions. Additionally, Airtel'...
Moody's says Bharti Airtel may raise $3.5 billion from stake sale in Infratel-Indus entityAirtel may rely more heavily on organic cash flow from the Indian operations.
Airtel's proposed rights issue credit positive: Moody'sAirtel's fund-raising plans entail rights issuance of up to Rs 25,000 crore and Perpetual Bond with equity credit of up to Rs 7,000 crore.
Telecom companies need to cut debt quickly as leverage is high: AnalystsReducing liabilities holds the key to Vodafone Idea’s ability to expand 4G operations, say analysts.
'Airtel move positive for investors’This has doubled the company’s interest expenses in the past five years to Rs 6,459 crore.
Bharti Airtel jumps 4% on fund raising reportsThe funds will be used to reduce existing debt of about $5 billion.
Moody's says may downgrade Airtel rating if margins dip furtherThe ratings are likely to be downgraded if heightened competition persists.
Bharti Airtel tower stake sale credit positive: Moody’sThe global rating agency said stake sale in the tower arm would have no “immediate impact on Bharti’s Baa3 issuer and senior unsecured debt...
Moody's changes Bharti Airtel's outlook to negativeMoody's expects Airtel's consolidated adjusted Ebitda to contract around 5 per cent on-year, reflecting competitive pressures existent in t...
Airtel, ATC mobile tower sale deal pegged at $200 million: Moody'sCredit rating agency Moody's today estimated Bharti Airtel deal with American Towers Corporation to be around $200 million.
Bharti Airtel sells 700 towers in Burkina Faso to Eaton TowersWhile the two did not disclose financial details, a person familiar with the matter put it at about $150 million (Rs 990 crore).
Airtel deal to sell over 3,500 towers in Africa collapsesAs part of the deal, Airtel was to sell and lease back over 3,500 towers to Eaton in 6 countries across its African operations under a 10-y...
IHS completes tower sale and lease-back deal from AirtelNigeria-based telecommunications infrastructure group IHS Holding Ltd has completed sale and lease back of telecom towers in Zambia from Ai...
Spectrum payout to offset Bharti Airtel's African tower sale gains: ReportExcluding the deferred payment liabilities to the government, net debt on the company's book stood at $8.35 billion, as of the December qua...
Bharti Airtel rallies over 2% on sale of towers to pare debtThe telecom major is in advanced stage talks with American Tower Corporation (ATC) and Eaton Towers for selling its tower assets.
Bharti Airtel in talks with ATC and Eaton for sale of Africa towersThe proceeds from the deal is likely to be used for reduction of debt. The net debt of the company at the end of June 2014 stood at Rs 57,7...