Indian telecom major Bharti Airtel announced plans to raise up to INR 210bn ($2.86bn) via a rights issue (Term of the day, explained below) in a bid to boost cash reserves to pay statutory dues, expand its network and prepare for the 5G auctions, as per ET. Fitch...
India’s telecom giant, Bharti Airtel announced its Q4 and year end results on Monday. Revenues for FY2021 came in at ~INR 1tn ($13.75bn), up 18.8% to YoY and consolidated EBITDA was up 32.5% YoY at INR 461.4bn ($6.3bn). However, Bharti ended the financial year...
