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Bharti Airtel has financial capacity to withstand $5 billion payout in statutory dues: Moody's

Shortpedia

Content Team

Moody's Investors Service said on Wednesday that Bharti Airtel has the financial capacity to withstand a payout of $5 billion in statutory dues. The statement came days after the Supreme Court directed telecom firms to comply with its October 24, 2019 judgment upholding the Department of Telecommunication's (DoT) definition of adjusted gross revenues (AGR). Bharti recorded a Rs 35,300 crore ($5 billion) liability.