After Vodafone Idea relief, Airtel reportedly seeks equity swap for ₹41,000 crore dues

Bharti Aviatyan wrote to the Telecommunications Department (DOT), asking to transform more than 41,000 Crore for the calculations of the gross gross revenue (AGR), the last step of its own capital and concept. If confirmed, the proposal may give the government a 2-4% stake in the second largest telecommunications operator in India.

The letter dated April 1 states that Airtel urged DOT to provide a level of telecommunications level and non-discriminatory policy. Business could not check the content of the letter on your own today.

The lawsuit is followed by the Government’s latest nose program to convert 36,950 Crore WARCH spectrum for shares, raising its shares to 48.99%.

Airtel said that before that it has the right to transform all its fees, including those outside the government’s morator window, that is, only limiting the lawsuit. The company’s overall outstanding duties to the government lead more than 95,000 volumes, including 53,500 Crore spectrum liabilities.

Airtel has already prevented its spectrum duties from 2021 and 2024 auctions and continues to pay in 2022. Purchased for 5G spectrum.

The lawsuit comes when the government postponed its decision on UR’s interest and penalties, which is reported due to lack of agreement above. If the refusal is confirmed, it would offer more than 1 Lakh Kiror, lightness operators, and Vodafone idea and Airtel are the largest beneficiaries.

However, the reports suggest that any Airtel’s help can examine its financial strength. Telko posted NEM 14,760.7 Crore in the December quarter, 46,878 CRER revenue, Arpu ₹ 245 ₹ 9,9,922 cres.

The Moratorium of Airtel on AGR duties has been operating under the telecommunications package announced in 2021 until 2026. March-April. Most of it contains penalties and interest.