If government is converting spectrum dues, even Jio can seek conversion: Sanjay Kapoor

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In a significant development, Bharti Airtel has reportedly written to the government seeking the conversion of its spectrum dues, worth around 74,000 crore, into equity — a move similar to what was earlier granted to Vodafone Idea. According to sources, this request could provide Airtel with substantial cash flow relief.

Commenting on the situation, Sanjay Kapoor, Former CEO of Bharti Airtel, pointed out that if the government agrees to convert Airtel’s spectrum dues, it could open the door for Reliance Jio to make a similar request. Kapoor…



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If government is converting spectrum dues, even Jio can seek conversion: Sanjay Kapoor


In a significant development, Bharti Airtel has reportedly written to the government seeking the conversion of its spectrum dues, worth around 74,000 crore, into equity — a move similar to what was earlier granted to Vodafone Idea. According to sources, this request could provide Airtel with substantial cash flow relief.

Commenting on the situation, Sanjay Kapoor, Former CEO of Bharti Airtel, pointed out that if the government agrees to convert Airtel’s spectrum dues, it could open the door for Reliance Jio to make a similar request. Kapoor…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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