Airtel’s board of directors will meet tomorrow; fundraising, fundraising strategies at the top of the agenda

NEW DELHI :

Bharti AirtelThe board, which is scheduled to meet on Wednesday, will review fundraising strategies and fundraising plans via instruments such as bonds, bonds and loans, as the telecommunications industry prepares for spectrum auctions and the deployment of new era technologies.

The telephone company is also expected to report its third quarter results on Wednesday.

“… The Board of Directors, at its meeting scheduled for Wednesday 03 February 2021, will also review the routine financing / refinancing strategies and any resulting capital increases through various instruments, including bonds, bonds, loans, etc. in rupees or in foreign currencies and of appropriate content and characteristics, subject to applicable regulatory / legal approvals, ”the company said in a recent filing.

Last week, Bharti Airtel announced that its network is now 5G ready, as the company has successfully demonstrated fifth-generation live service – with ultra-high speeds – over a commercial network in the city of Hyderabad. .

The move grows in importance as telecom operators prepare to leverage 5G as the next frontier for future growth to strengthen revenue streams and deliver a stronger customer experience.

Airtel had stressed that the real impact of the 5G experience will be available to customers “when the right spectrum is available and government approvals are received.”

Airtel’s fundraising plan comes when the government got the ball rolling for the spectrum auction, in which the radio waves valued at ??3.92 lakh crore will be put on the block. The auction in seven frequency bands for mobile services – the 700, 800, 900, 1800, 2100, 2300 and 2500 MHz bands – is expected to start from March 1.

Experts who follow the sector have, however, expected a “limited participation”. Some believe that spectrum auctions in India have become a buyer’s market and may see “minimal competition” with operators tackling the airwaves that offer the best value for money instead of focusing on renewing everything. the expiring specter.

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About Ethel Nester

Ethel Nester

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